| Bank of London and The Middle East (BLME), whose main shareholders are Boubyan Bank and the Public Institution for Social Security, announced that it has competed the largest Islamic financing in the healthcare sector in the UK, a £11.5m Murabaha financing for Healthcare Properties Limited, a wholly owned subsidiary of the real estate specialist Public Service Properties Investments Limited (PSP").
The transaction is the first Islamic financing for PSPI. Healthcare Properties Limited required a fixed term financing with certainty of funding which Murabaha financing provides. (Press Release)
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