QIB, Nakilat sign financing agreement

Qatar Islamic Bank (QIB) has successfully closed a $380 million of Islamic Murabaha financing with Qatar Gas Transport Company (Nakilat), in collaboration with Qatar International Islamic Bank (International Islamic). QIB’s share of the financing is $ 180 million, the Bank said in a statement posted on QE website. Qatar Gas Transport Company Limited (Nakilat) Q.S.C. is a Qatar-based public shareholding company incorporated in the state of Qatar on June 9 2004. The main purpose of the company is to work in the industry of gas transport either through direct acquisition of ocean going vessels or by investing in joint ventures with other parties. The Company operates and leases a fleet of liquefied natural gas (LNG) and gas derivative vessels .