Middle East Loans

In support of its bid to become the centre of Islamic economy, Dubai has launched a murabaha platform.

Abu Dhabi investment firm Waha Capital has overcome some lenders' concerns about financing a holding company to smash through its refinancing target by signing a $750m five year loan.

Islamic loan bankers are backing their market to bounce back after a start to the year when volumes have been sluggish already compared to last year and refinancing needs are much lower than they were in 2013.

Ziraat Bankasi, the Turkish state-owned agricultural bank, is due to sign a one year loan to refinance $700m-equivalent of debt early next week.

The Islamic Development Bank has approved $515.6m of financing in support of socio-economic development projects in member countries, as well as Muslim communities in non-member countries.

Qatari real estate company Ezdan Holding signed the first tranche of a $500m Islamic financing on Monday with banks.

Turkish financial institution Akbank has signed a $1.3bn equivalent syndicated deal to become the first of Turkey's top tier banks to refinance its springtime bank debt.

The Hashemite Kingdom of Jordan has signed a €180m financing facility from the European Union, as it tries to ease the economic strains of the region's political crisis.

Saudi Arabia’s Southern Province Cement Co has signed a Sr700m ($186m) debut Islamic financing from National Commercial Bank.

Eastern Sugar Company (Nuran Sugar) is set to sign a loan worth E£1.5bn ($217m) with 10 banks. The deal is expected to close in mid-April, according to Walid Hassouna deputy general manager and head of Islamic banking at Bank Audi

Dubai bonds and sukuk traded up on Monday, after United Arab Emirates authorities revealed that its recently rolled over debt was refinanced on better than expected terms.

Dubai bonds and sukuk traded up on Monday, after United Arab Emirates authorities revealed that its recently rolled over debt was refinanced on better than expected terms.