UAE-based Ajman Bank has signed a $200 million sharia-complaint syndicated finance facility to support its banking activities.
The consortium of banks was led by Islamic bank Al Hilal Bank and was advised by global law firm Dentons, said a statement.
The dual tranche facility comprised Murabaha and Wakala structures for which the participants were regional Islamic banks, Al Hilal Bank , Emirates Islamic Bank, Sharjah Islamic Bank and Qatar Islamic Bank, it said.
Qasim Aslam, head of Islamic Finance, Middle East, Dentons, said: "We are pleased to have represented Al Hilal Bank and the other consortium members on this transaction.
Read more at Click here / www.trade4x.net
The consortium of banks was led by Islamic bank Al Hilal Bank and was advised by global law firm Dentons, said a statement.
The dual tranche facility comprised Murabaha and Wakala structures for which the participants were regional Islamic banks, Al Hilal Bank , Emirates Islamic Bank, Sharjah Islamic Bank and Qatar Islamic Bank, it said.
Qasim Aslam, head of Islamic Finance, Middle East, Dentons, said: "We are pleased to have represented Al Hilal Bank and the other consortium members on this transaction.
Read more at Click here / www.trade4x.net
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