31.12.2010 - Ithmaar Bank, AUB in $167mln Morabaha deal
From Tradearabia.com: Ithmaar Bank, an Islamic retail and commercial bank, and Ahli United Bank (AUB), a full commercial bank based in Bahrain, have signed a $167 million (BD63 million) five-year secured Morabaha facility. The Morabaha facility (Sharia-compliant Islamic finance) is fully underwritten by Ahli United Bank. The transaction marks the return of Ithmaar Bank to the credit markets after its reorganisation and transformation into an Islamic retail-focused bank earlier this year...........................................Full Article: Source
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