Qatari Diar shocks lending group after making switch to Islamic refinancing strategy

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Qatari Diar shocks lending group after making switch to Islamic refinancing strategy

Qatari Diar, the real estate and investment company, stunned its usual bank lenders when it launched an ambitious five year Qr3.5bn ($961m) Islamic facility this week to refinance a maturing euro-denominated acquisition bridge.

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