Tagged: Ijara

RHB islamic to provide financing facility to Sarawak mosque body

RHB islamic to provide financing facility to Sarawak mosque body

<p>RHB Islamic Bank has agreed to offer Lembaga Pengarah Amanah Kebajikan Masjid Negeri Sarawak with a RM300 million Istisna&rsquo;/Ijarah Term Financing Facility. RHB said the facility, with a financing tenure of 10 years, is intended for the construction of Baitul Makmur II, an 18-storey office/commercial building located in Kuching, Sarawak. Upon completion, Baitul Makmur II will house several Sarawak state ministries. This deal would represent one of RHB Islamic Bank&rsquo;s single largest financing loans to Sarawak state-related group of companies.</p>
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<p><a href="http://www.theborneopost.com/2013/06/26/rhb-islamic-to-provide-financing-facility-to-sarawak-mosque-body/" title="http://www.theborneopost.com/2013/06/26/rhb-islamic-to-provide-financing-facility-to-sarawak-mosque-body/">http://www.theborneopost.com/2013/06/26/rhb-islamic-to-provide-financing…</a></p>
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Eligibility of GoP Ijara Sukuk in Musharaka Pool

Eligibility of GoP Ijara Sukuk in Musharaka Pool

State Bank of Pakistan (SBP) has notified that now un-encumbered Government of Pakistan Ijara Sukuk may be included in the Musharaka Pool (MP), created under the Islamic Export Refinance Scheme (IERS). This inclusion will be subject to the several conditions. All Islamic Banking Institutions (IBIs) shall report Sukuk in MP under the sector heading of GoP Ijara Sukuk. IBIs shall maintain record of Sukuk issue included and the amount of that issue will be incorporated in the MP. The banks are advised to refer to SBP’s Islamic Export Refinance Scheme and other instructions issued from time to time. Other instructions on the subject remain unchanged,

SCB arranges $35m Islamic finance facility for PIA

SCB arranges $35m Islamic finance facility for PIA

Standard Chartered arranges a one-year $35 million Islamic structured trade finance facility for Pakistan International Airlines (PIA). This transaction has been arranged and structured solely by the bank. The facility is structured as an Islamic offsh…