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

Silk gets RM220m Islamic loan

Posted on 04 August 2010

From Btimes.com.my: Silk Holdings Bhd has secured a RM220 million Islamic Bai’ Istisna’ facility with Bank Pembangunan Malaysia Bhd. The company’s Executive Chairman, Datuk Mohd Azlan bin Hashim, said the funding reflected the significant potential the company’s oil and gas division had.
It will be utilised to finance the construction of two Anchor Handling Tug Supply (AHTS) vessels, which will be equipped with the latest specifications, he said in a statement here today……………………………………….Full Article: Source

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