Qatar Gas Transport Company (Nakilat) has successfully closed $380 million of Islamic Murabaha financing with Qatar International Islamic Bank (QIIB) and Qatar Islamic Bank (QIB).
The joint arrangement is a big leap forward in enhancing co-operation between these two Islamic finance institutions, as the market demand for Shari’ah-compliant financial solutions continues to increase. QIB provided $180 million of Nakilat’s financing tranche, with QIIB providing the remaining $200 million. The signing ceremony was held at QIB’s headquarters………………………………………..Full Article: Source