Middle East Economic Survey
Shamil Bank Hikes Murabaha Facility To $60Mn
Bahrain-based Shamil Bank closed its first syndicated Murabaha facility for $60mn on 25 November. The facility, which was underwritten by Gulf International Bank (GIB), was oversubscribed and as a result increased to $60mn from the original $50mn (MEES, 26 September). It will be used to improve the maturity matching of assets and liabilities as part of Shamil Banks overall asset...