Islamic banking

January 20, 2009 - 4:55am

Dubai Aerospace Enterprise (DAE) has arranged $800 million in loans and revolving credit to fund “general corporate purposes.” The fresh capital, available on a three-year term, has come from a group of banks including Citibank, Deutsche Bank, Emirates Bank International, Lloyds TSB Bank and Noor Islamic Bank.

December 11, 2006 - 10:19am

The Middle East region is waking up to business aircraft financing, it emerged at the inaugural Middle East Business Aviation (MEBA) conference here at the Dubai airshow on Saturday. As recently as five years ago, it was difficult to find funds to buy business jets, but it is now much easier to convince a bank, a local charter operator said. In addition, so-called Sukuk Islamic bonds may soon become available to aircraft customers.