Unit of Islamic Development Bank secures $300 mln Islamic funding

June 22, 2015 9:31 AM

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DUBAI, June 22 The Islamic Corporation for the Development of the Private Sector secured a 13-month $300 million Islamic Murabaha financing facility from Dubai Islamic Bank, First Gulf Bank, Mizuho Bank (Malaysia) Berhad and Mizuho Bank Nederland, it said on Monday.

Dubai Islamic Bank acted as the sole coordinator of the facility and was also the mandated lead arranger with the other three banks, it said in a statement.

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