Business Blog

'Blended finance' that harnesses public, private and charity funds could be solution to ensure sustainable projects.

Bahrain-based real estate developer Diyar Al Muharraq said that it had secured $366 million in Islamic financing from four banks.

Union National Bank (UNB) visited Ducab senior management and facilities to review progress on the AED350 million loaned to Ducab group.

Saudi Binladin Group (SBG) has requested a second extension on $217.9 million Islamic loan being used to fund construction at the kingdom's Grand Mosque, sources aware of the matter said.

Islamic loan from banks is to finance the second phase of building King Abdullah Port

Al Baraka Bank Egypt secured Islamic Development Bank's (IDB) credit line worth EGP50 million ($5.6 million).