Islamic loans back on form after muted Q1

25 Apr 2013

After a quiet start of the year that saw Islamic syndicated loan volumes plummet, Shariah-compliant lenders have rediscovered their stride this week with $1.13bn-equivalent of loans either signed or in the market.

Shariah-compliant syndicated loan volumes have plunged globally since January 1. Only $775m of syndicated Islamic loans have been signed globally so far this year, down from $5.76bn signed globally in the same period in 2012 according to Islamic Finance Information Service, a sister publication of EuroWeek.But three firms ...

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