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Emirates Islamic's syndicated financing : A landmark facility
4 OCT
The UAE Emirates Islamic(EI) concluded its debut syndicated Islamic financing term facility in march 2024 -a first-of-its-kind raised by a UAE shariah Complaint financu=ial institution. NESSREN TAMANO has the exclusive. The landmark three-years Islamic term financing worth US$500 million was structured as a commodity Murbahah facility in accordance with the AAOIFI Shroiah standards, with Emirates NBD bank , a leading banking group in the MENAT(Middle East ,North Africa and Turkiye) region , acting as the Murabahah investment agent