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 offshore transaction. It uses innovative services Ijara concept-based on purchase and distribution of airline seats.

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http://www.thenews.com.pk/Todays-News-3-125020-SCB-arranges-$35m-Islamic-finance-facility-for-PIA