Financial and Banking News
Al-Rajhi To Finance Fume Treatment Plant For Alba
Riyadh-based Al-Rajhi Banking and Investment Corporation is to finance a$32.5mn fume treatment plant for Aluminium Bahrain (Alba). The deal was arrangedby Gulf International Bank (GIB). The financing will be structured as an istisna',a financial instrument consistent with the principles of Islamic banking. Themost common istisna' structure consists of a lease under which...