BIsB signs $32m murabaha deal.MANAMA Manama Arabic Al-Manamah City (pop., 2001: 143,035), capital of Bahrain. Situated at the northeastern tip of Bahrain island, it is Bahrain's largest city, with about one-fifth of the emirate's population. : Bahrain Islamic Bank (BIsB) has signed a BD12 million ($31.8m) global commodity murabaha agreement with Al Khaleej Development Company (Tameer). Acting as the syndicate manager Syndicate manager See: Managing underwriter syndicate manager A major underwriting firm that forms a syndicate in order to distribute a security issue to the public. for BBK BBK Bundesamt für Bevölkerungsschutz und Katastrophenhilfe (German) BBK Bilbao Bizkaia Kutxa (Bank of Bilbao, Spain) BBK Bank of Bahrain and Kuwait BBK BB King (blues artist) and Ahli United Bank, the BIsB arranged the 18-month syndicated Islamic finance in support of the business of Tameer, a major real estate company in Bahrain listed on both Bahrain and Kuwait exchanges. BIsB has also structured the finance through the London Metals Exchange's global commodity murabaha. The agreement was signed on behalf of BIsB by general manager corporate banking Nadir Mohammed Ibrahim Mohammed Ibrahim may refer to:
"The agreement is the culmination of concentrated efforts that have resulted in the BIsB succeeding in assuming the role of the syndicate manager for the other participating banks," said Mr Ibrahim. "We are delighted to co-operate with BIsB, BBK and AUB AUB Auburn (University) AUB Alstublieft (Dutch: please) AUB American University of Beirut (Beirut, Lebanon) AUB Abnormal Uterine Bleeding AUB Ahli United Bank , as we always have confidence in the ability of these banks to respond to the company's requirements for finance and other facilities," said Mr Qattan. Copyright [c] 2008 Gulf Daily News Provided by Syndigate.info an Albawaba.com company |
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