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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Ajman Bank to increase trade and SME loans

Posted on 12 April 2010

From Business24-7.ae: Ajman Bank, the latest entrant in the UAE’s Islamic banking sector, is participating in syndication and club loans for the local and regional companies with contributions of Dh100 million during the second quarter, said a senior official.

Ali E Alshaqoosh Al Mueen, Deputy Chief Executive Officer, said that the bank earlier this month closed a structured finance loan of $18.5m (Dh68m) for a regional company. He refused to disclose the name of the company……………………………….Full Article: Source

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