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

Islamic bank sorts out debt

Posted on 11 February 2010

From Maktoob.com: Bahrain-based investment bank Gulf Finance House said Wednesday it paid off a $200 million loan on time and refinanced the remaining $100 million with a new Islamic finance facility.

The new $100 million Islamic murabaha loan has a maturity of six months, the bank said in an e-mailed statement………………………………….Full Article: Source

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