Al Salam Bank Provides $59 Million Mezzanine Facility for London Property

Al Salam Bank BSC, the Bahrain-based Islamic lender, provided 38 million pounds ($59 million)in a Shariah-compliant mezzanine facility to refinance a commercial property in Canary Wharf, London.

The bank was advised by Herbert Smith LLP and Knight Frank on the transaction, according to an e-mailed company statement today.

To contact the reporter on this story: Shaji Mathew in Dubai at shajimathew@bloomberg.net

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