Al Baraka unit concludes $433m Murabaha deals

Al Baraka Banking Group announced that its Turkish subsidiary, Al Baraka Turk Participation Bank, had concluded a syndicated Sharia-compliant Murabaha financing, raising $196 million and 175.5m euros. Standard Chartered Bank, Noor Islamic Bank, ABC Islamic Bank, Barwa Bank and Emirates NDB Capital were lead arrangers for the facility in which…