ADIB Arranges $54.5 Million Funding For Real-Estate Project


13/12/2009 00:00 AST

Abu Dhabi Islamic Bank PJSC, the United Arab Emirates’ second-biggest bank complying with Muslim banking rules, arranged a 200 million-dirham ($54.5 million) financing facility for International Capital Trading.

The Islamic facility is to fund a real-estate project, the bank said today in an e-mailed statement. International Capital Trading is a private investment company based in Abu Dhabi.

Bloomberg
Abu Dhabi Islamic Bank - ADIB
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