Bahrain Financial Harbour Obtains $240 Million Islamic Loan to Repay Debt

Bahrain Financial Harbour, which houses banks and financial institutions, received a 90.5 million-dinar ($240 million) Islamic facility to repay debt.

Al Salam Bank, BBK, Kuwait Finance House, National Bank of Bahrain, and Bahrain Islamic Bank helped arrange the seven-year Ijara facility, according to a joint statement issued by Bahrain Financial and the banks today.

Bahrain Financial used the financing to repay a $134 million sukuk, according to the statement. The balance will be used to settle other obligations and for expansion, it said.

To contact the reporter on this story: Dana El Baltaji in Dubai at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.