Emirates Airlines plans AED1.9bn Islamic facility

UAE-based international airline Emirates plans to raise AED1.9bn ($518.3m) from an Islamic financing facility to help purchase three aircraft.

  • 08 Feb 2012

The company has asked Ajman Bank, Al Hilal Bank and Dubai Islamic Bank to arrange the 12 year ijara facility, with the latter bank leading the consortium.

Emirates indicated in November that, due to the Eurozone debt crisis, it may look to diversify into Islamic markets to meet ...

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