DAR AL HARB - U.K.: ISLAMIZING GREAT BRITAIN, ONE PROPERTY AT A TIME

European Islamic Investment Bank buys UK property portfolio for 58.8 mln stg

LONDON (Thomson Financial) - European Islamic Investment Bank PLC said its
Pan-European Islamic Real Estate Fund has acquired House Ltd, a portfolio of
five UK commercial properties for 58.8 mln stg in an all cash deal.

...

EIIB said it funded the purchase using around 18 mln stg in sharia'a
compliant bridge financing and Societe Generale provided sharia'a compliant
financing for the balance of the acquisition cost.


Pertinent Links:

1) European Islamic Investment Bank buys UK property portfolio for 58.8 mln stg