A group of conventional and Islamic participating banks entered into a syndication to provide financing for a large project through an Islamic facility to be provided through an Islamic bank acting as an investment agent
Fatawa Question
A group of conventional and Islamic participating banks entered into a syndication to provide financing for a large project through an Islamic facility to be provided through an Islamic bank acting as an investment agent. Although the majority of the participating banks committed to fund the project in us dollars but a few of the participating banks committed to fund in euro. Shariah guidance is sought as to two levels : Firstly, whether it is permissible for Islamic banks to enter into a syndicated facility with conventional banks to provide financing for a project ; secondly, how the funding through the syndicated facility could be structured considering the fact that few of the participating banks have committed to fund in a non-transaction currency (i.e. Euro).
Fatwa
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Publisher
Publication Date
2014-09-03
Country of Publication
Malaysia
Main Subjects
Economics & Business Administration
Islamic Studies
Data Type
Fatawa
Language
English
Record ID
BIM-783191
American Psychological Association (APA)
Hassan, Husayn Hamid. 2014-09-03. A group of conventional and Islamic participating banks entered into a syndication to provide financing for a large project through an Islamic facility to be provided through an Islamic bank acting as an investment agent. . Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783191
Modern Language Association (MLA)
Hassan, Husayn Hamid. A group of conventional and Islamic participating banks entered into a syndication to provide financing for a large project through an Islamic facility to be provided through an Islamic bank acting as an investment agent. Kuala Lumpur Malaysia : Islamic Finance News. 2014-09-03.
https://search.emarefa.net/detail/BIM-783191
American Medical Association (AMA)
Hassan, Husayn Hamid. 2014-09-03. A group of conventional and Islamic participating banks entered into a syndication to provide financing for a large project through an Islamic facility to be provided through an Islamic bank acting as an investment agent. Kuala Lumpur Malaysia : Islamic Finance News.
https://search.emarefa.net/detail/BIM-783191
