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Islamic Finance New Investment Products & Services Uncategorized

IDB offers USD 300mln-loan to finance new Islamic bank in Turkey

June 5, 2015

By News Team

The Islamic Development Bank (IDB) said Thursday they agreed to provide a loan totaling USD 300 million to Turkey's Endowment institutes for the establishment of Vakif Participation Bank, a new Islamic bank. In a statement IDB said that the loan will provide the financial resources required by the Banking Regulation…

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Source: Islamic Development Bank

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