IslamicFinance.de

Seera Investment Bank has negotiated a Sharia-compliant structured financing facility wich will serve for developing a new purpose built student housing project and commercial property in central London. The project should be completed next year. The property will provide 339 rooms for students as well as a commercial space of 37,000 square feet. The property will be constructed in the vicinity of Aldgate East Station in Central London which location is not far away from a number of higher educational institutions. The first phase of the construction has recently been finished.

Saudi-based Islamic Development Bank (IDB) plans to issue Islamic bonds, or sukuk, in the first half of next year worth around $850 million.