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Turkish Airlines Signs A350 Islamic Financing Deal With DIB

ByAdmin

Turkish Airlines, the world’s leading carrier by number of countries served, has successfully executed a new Islamic finance transaction for the acquisition of an Airbus A350. The deal, denominated in Swiss Francs (CHF), was signed with Dubai Islamic Bank (DIB)—the world’s first Islamic bank and the UAE’s largest Shariah-compliant financial institution.

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Avolon Secures $1B Dual-Tranche Facility From Mideast Banks

ByAdmin

Avolon Holdings, the Ireland-based aircraft leasing company, has successfully raised $1 billion through a new unsecured dual-tranche bank facility, sourced from a syndicate of six major banks in the Middle East. The facility is structured with both conventional and Islamic finance tranches, tailored to meet the diverse financial frameworks of its participating lenders.