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Albaraka Turk secures murabaha loan

Mon, 2013-09-30 15:29 — newsdesk

Bahraini lender Al Baraka Bank's Turkish unit Albaraka Turk has secured an Islamic murabaha syndicated loan of $196 million and 175.5 million euros ($237 million). The loan, in one- and two-year tranches, had a cost of LIBOR/EURIBOR +1 percent and LIBOR/EURIBOR +1.35 percent respectively.

Source: 

http://www.reuters.com/article/2013/09/24/albarakaturk-murabaha-idUSL5N0...