Home THE DAILY EDGE Business GuocoLand signs $50m Islamic financing facility with CIMB Bank Singapore
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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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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Last Updated on Monday, 06 September 2010 17:10