Property GuocoLand says its unit has obtained a Shariah-compliant financing facility of up to $50 million from CIMB Bank Berhad, Singapore. The Islamic financing facility is for a period of three years. This financing facility uses the Commodity Murabahah structure, one of the common structures used in Islamic financing, whereby the creation of debt is facilitated through a trade contract of an underlying asset.
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| GuocoLand signs $50m Islamic financing facility with CIMB Bank Singapore |
Tags: Guocoland
| Written by The Edge |
| Monday, 06 September 2010 17:10 |
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GuocoLand signs $50m Islamic financing facility with CIMB Bank Singapore Monday, 06 September 2010 © 2012 - The Edge Singapore |
| Last Updated on Monday, 06 September 2010 17:10 |

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