From Khaleejtimes.com: Dubai Electricity and Water Authority will tap 15 banks for a Dh8 billion ($2.2 billion) Islamic loan refinancing, which is scheduled to be announced on Thursday.

The due date for the repayment of this syndicated refinancing, called an ‘Ijara,’ or leasing facility, is April 13 and will be arranged by seven foreign banks and eight local banks. Dubai Islamic Bank will be the lead arranger, and some newly established Islamic banks are likely to take part in this financing…..Full Article: Source