International Finance

Tag : Adel Al-Majed

Islamic Banking

Viva Kuwait Signs $ 270 Million Loan for Expansion and Diversification

The borrowing also includes a $ 70 million Murabaha facility, a cost-plus-profit arrangement compliant with Islamic laws 21st June 2013 International Finance Magazine reports on Viva Kuwait’s loan for its expansion and diversification in the market and explains the Murabaha facility and its impact on the debtor and creditor. Viva Kuwait, an affiliate of Saudi...