Islamic Finance
Regulation, Risk & Compliance
Uncategorized
Albaraka Turk secures $213mln Islamic loan
Turkish Islamic lender Albaraka Turk has secured a $213 million murabaha-based loan syndication, up from the $150 million it initially sought, the bank said in a statement. The bank said the profit margin for the 370-day sharia-compliant facility was 125 basis points over three-month LIBOR.
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Zawya