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

Al Salam Bank provides GBP38mln innovative Sharia compliant mezzanine facility

Posted on 06 September 2010

From Ameinfo.com: Al Salam Bank-Bahrain, a leading Islamic financial institution, has recently provided £38M in a unique Shari’a compliant mezzanine facility to refinance a landmark commercial Property located in the heart of Canary Wharf, the financial district of London.
The property is leased in its entirety to a leading, multinational financial institution with A+ long term rating with stable outlook form Standard & Poor’s. The lease, which carries an unexpired term of 17.5 years, is on a fully repairing and insuring basis……………………………………….Full Article: Source

 
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