Saudi Arabia’s PIF completes $7bn inaugural murabaha credit facility
RIYADH(RAHNUMA): Saudi Arabia’s Public Investment Fund has completed its inaugural murabaha credit facility worth $7 billion, as part of its medium-term capital-raising strategy. The Shariah-compliant financing is backed by a syndicate of 20 international and regional financial institutions, according to a press release. A murabaha credit facility is a financing structure compliant with Islamic principles, […]
