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Maybank S'pore inks novel hotel-backed Islamic finance deal

Published Mon, Apr 4, 2016 · 09:50 PM
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Singapore

SINGAPORE's fledgling Islamic finance sector received a boost on Monday with Maybank Singapore announcing a first-of-its-kind Islamic financing deal worth S$260 million.

The deal, which has a hotel as the underlying security, was inked between the bank, part of Malaysia's Maybank group, and RB Capital.

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