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Islamic loan

Islamic loan latest

Egypt Inks First $2 Billion Islamic, Conventional Loan
September 1st, 2020 - 07:30 GMT

Egypt Inks First $2 Billion Islamic, Conventional Loan

The Egyptian Ministry of Finance signed its first conventional and Islamic loan at a value of $2 billion (EGP 31.74 billion) to fund the state budget and support the local economy, according to an August 31 st press release. Regional and international banks participated in the financing, which was coordinated by the two UAE lenders Emirates NBD Capital and First Abu Dhabi Bank, the ministry added. The UAE banking institutions ...
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