Albaraka Turk signs $101m loan with seven banks

Islamic lightbulb px230 for global capital
By Bianca Boorer
13 Nov 2017

Albaraka Turk, Turkey’s first participation, or Islamic, bank, has signed a $101m murabaha loan with seven banks.

The loan was launched on September 5 for $100m with Bank ABC, Standard Chartered and Noor Bank as lead banks.

United Arab Bank, Jordan Islamic Bank, Askari Bank and Union de Banques Arabes et Françaises (UBAF) joined the facility, which was signed on October 31, and brought the ...

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