VOL. XLII
No. 39
27-September-1999
BAHRAIN
First Islamic Investment Bank Secures First MurabahaFacility For $50Mn
The Bahrain-based First Islamic Investment Bank (FIIB)announced on 14 September that it had secured a $50mn syndicated IslamicMurabaha facility arranged by ABC Islamic Bank (acting as Mudarib), accordingto a statement from the bank. The facility was priced at 125bps over Libor andwill be used to provide further balance sheet support for the acquisition ofdirect investment assets. Mr....
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!