IslamicFinance.de

Gatehouse Bank has bought the Debenhams department store in Leeds city centre for £33.4m ($52.6m). thus, the sharia-compliant investment bank continues property acquisition in this city, the BT building in Sovereign Street being the first one. The new acquisition was chosen for its strategic location for retail and real estate fundamentals.

Liquidity Management House, which is a wholly owned subsidiary of Kuwait Finance has succeeded in making a combined global 1-year Murabaha finance deal about USD 115 million for KFH-Turkey, after attracting 7 global and regional banks: Halk Bank-Turkey, Islamic Development Bank, Citibank, Garanti Bank International-Holland, Gatehouse Bank-UK, NBK International PLC, Standard Chartered Bank.

KFH-Turkey Chief Executive Officer is Ufuk Iwan.