Bahrain bank Ibdar buys $78m US prime property

Bahrain-based wholesale Islamic investment bank, Ibdar Bank, has announced the successful acquisition of a $78-million multi-family housing property at Montgomery county in Maryland, US, the sixth wealthiest county in Washington DC. The asset, which is a 2001 constructed multi-family property comprises 326 apartments within 12 three- and four-storey garden-style buildings,…