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Tuesday, 18 October 2016

UAE's Ajman Bank finalising $205 mln Islamic syndicated loan -bankers | Reuters

UAE's Ajman Bank finalising $205 mln Islamic syndicated loan -bankers | Reuters:

"Ajman Bank, a United Arab Emirates-based, sharia- compliant lender, is raising a $205 million Islamic syndicated loan, banking sources said on Tuesday

The loan, which has a two-year maturity and a murabaha format, will be completed imminently, the sources said, with one saying it would close as soon as Wednesday.

Ajman Bank did not respond immediately to a request for comment."



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