IFC funds mortgage lending

08 July 2005
The International Finance Corporation (IFC), the private sector lending arm of the World Bank, has extended a SR 187.5 million ($50 million) loan to Saudi British Bankto support its sharia-compliant home finance activities. The murabaha facility has a tenor of 12 years.
The International Finance Corporation (IFC), the private sector lending arm of the World Bank, has extended a SR 187.5 million ($50 million) loan to Saudi British Bankto support its sharia-compliant home finance activities. The murabaha facility has a tenor of 12 years.

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