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Islamic Finance Briefing - Categorized | Finance, Financial Instruments (Credit Cards, Debts, Loans, Mort more

Meydan signs deal to fund part of new racecourse

Posted on 08 October 2009

From Arabianbusiness.com: The Meydan Group, which is building the new racecourse for the Dubai World Cup in March 2010, has announced it has signed an agreement for an AED100 million Islamic loan with Emirates Islamic Bank (EIB).

Meydan will use the Sharia compliant Islamic financing to fund on-going development of the Falcon Carpark next to the Meydan Grandstand, which will have 1m sq ft of leasable space……………….Full Article: Source

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