NO. 5


Financial and Banking News

Regional Banking

Faysal Islamic Signs $100mn Murabahah, Presses Ahead with Gulf Air $370mn

The Bahrain-based Faysal Islamic Bank (FIB) has syndicated a $100mn murabahah(Islamic trade finance) facility for the Rice Export Corporation of Pakistan.The deal was signed on 23 October and is believed to be the first suchsyndication since Iraq's invasion of Kuwait on 2 August. Twenty banksparticipated in the deal, which was oversubscribed within a...