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HSBC Amanah arranged $33 mln Murabaha for Krakatau Steel

Posted on 06 September 2010

From Cpifinancial.net: The Murabaha financing (cost plus financing) facility for PT Krakatau Steel, the Indonesian state owned company and the largest integrated steel manufacturer in Indonesia, is solely funded by HSBC has been designed to finance Krakatau Steel’s raw material purchasing.
Rajeev Babel, Head of Global Banking HSBC Indonesia said, “We are delighted to announce this Shari’ah financing facility with Krakatau Steel, which is one of our most valued clients in Indonesia……………………………………….Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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