Islamic Finance
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A banking alliance of five banks grants a joint Islamic financing facility (Mudaraba) worth EGP5.2bln
A banking alliance comprising Banque Misr, Banque du Caire, National Bank of Egypt (NBE), Housing & Development Bank, and Suez Canal Bank has successfully concluded a long-term joint Islamic financing agreement under the Mudaraba structure in favor of Inertia Egypt for Real Estate Development. The financing, amounting to EGP 5.2…
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Source: Jefaira project