From Albawaba.com: Albaraka, the pioneer of the Turkish participation banking, obtained Murabaha syndication facility of 240 million US dollars in total. The Murabaha syndication facility has been realized with the participation of 22 banks and financial institutions from 14 countries, led by Noor Islamic Bank, Standard Chartered Bank and ABC Islamic Bank. The maturity of the facility is determined as one year.

The agreement on the availability of the credit reaching a volume of $98 million and 108,5 million Euros was signed in a ceremony attended by the directors of the leading and participating banks of the consortium…………………………………….Full Article: Source