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Pine secures first Islamic funding for trade
03 January 2012
Brazilian bank Pine has secured its first-ever Islamic funding tranche for trade finance.
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Banco Pine
Islamic finance Brazil
Banco Pine Islamic
Islamic trade finance Latin America
murabaha
Al Rajhi Bank
Banco Pine (Pine), the São Paulo-headquartered wholesale bank that specialises in corporate banking, has secured its first-ever Islamic loan, which will be used for on-lending to its clients for trade-related purposes.
The development comes about as part of Pine’s commitment to the continuous diversification of its funding sources. The...
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