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Bahrain’s Diyar Al Muharraq secures $366m Islamic financing

Bahrain-based real estate developer Diyar Al Muharraq said on Wednesday that it had secured $366 million, Dh1.34 billion in Islamic financing from four banks to develop a new housing project.  The murabaha contract was signed with Al Salam Bank Bahrain, Kuwait Finance House, Bank of Bahrain and Kuwait, and Al…

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Click here to read the full story: Gulf News

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