Kuwaiti Islamic investment bank The Investment Dar is to launch a $300m syndicated sharia-compliant facility.
The murabaha will finance the bank’s geographic expansion.
“Having firmly established ourselves in Europe, we are targeting East Asia,” deputy chief executive officer Amr Abu al-Saud said in a statement.
The roadshow for the sharia-compliant syndication included visits to Singapore and Kuala Lumpur.
The Islamic banking divisions of Standard Chartered Bank and HSBC are acting as underwriters for the murabaha.