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Citibank International Plc

AK BARS Bank closes $60 million Murabaha financing

Thu, 2011-09-15 17:17 — newsdesk

AK BARS Bank has finished with success the debut in CIS one-year syndicated Murabaha financing for the total amount of $60 million.
Mandated Lead Arranger was Eurasian Development Bank. Investment Agent was acted by Citibank International Plc.
AK BARS Murabaha facility is the first international facility compliant with Shari’ah requirements arranged for a Russian financial institution.

Source: 

http://www.cpifinancial.net/v2/News.aspx?v=1&aid=9343&sec=Islamic%20Finance

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