Sunday 13, July 2008 by
Elaf Bank and Shamil Bank close $450 million Murabaha facility in Turkey
Elaf Bank, a Bahrain-based Islamic investment bank has closed a two-year Murabaha financing facility which was extended to the Shamil Bosphorus Modaraba and sponsored by Shamil Bank to undertake projects in Istanbul and on the Turkish coast in excess of $450 million.
