JAKARTA: Mandala Finance secured a syndicated loan of US$25 million
from four foreign banks, to support sharia-based financing for
motorcycle in 2012.
The company enjoys the 4-year loan under murabaha contract, from
Islamic Corporation for the Development of Private Sector (ICD), The
Islamic Corporation for Insurance and Export Credit (ICIEC), Kuwait
Finance House Bhd (KFH), and Unit Investment Fund (IUF) of Islamic
Development Bank. (source)
