OREANDA-NEWS. Qatar Islamic Bank (QIB) confirmed the news published by the GCC media on its participation in the mutual financing project of Ajman Bank. Qatar Islamic Bank, participated in a Sharia’a Complaint Syndicated Finance to Ajman Bank underwriting USD 50 million.

The total facility of USD 200 million was arranged by Al Hilal Bank and other participant Banks included Emirates Islamic Bank and Sharjah Islamic Bank.