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RHB Bank Singapore targets Islamic financing for hospitality assets

It is working on another Islamic funding transaction backed by a popular hotel chain

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Mr Nazmi (left) and Mike Chan, country head/CEO of RHB Bank Singapore.

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The bank does not view the recent financing deal inked with real estate firm Royal Group for SO Sofitel Singapore (above) as a "one-off transaction" in the hotel industry, says Mr Nazmi.

Singapore

FRESH from snagging one of the world's largest Islamic financing deal from Singapore-based Royal Group, RHB Bank Singapore is working on another Islamic funding transaction backed by a popular hotel chain in the city state, said an executive from the bank.

As such, the...

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