Deal sealed: Khaled (second from left) shaking hands with Mizuho Bank deputy CEO Shinchi Nishiyama at the signing ceremony. With them are (from left) ICD regional head Ahmad A. Khalid, Mizuho Bank Malaysia chairman Datuk Seri Taalat Husain and director Mohd Mokhtar Ghazali.
KUALA LUMPUR: The Islamic Corp for the Development of the Private Sector (ICD) has signed US$300mil (RM1.33bil) murabahah agreement with Mizuho Bank (M) Bhd that will cater for 25% of its funding needs this year.
ICD is the private sector arm of Islamic Development Bank Group (IsDB) and the murabahah agreement is the first cross-border bilateral Islamic facility for Mizuho Bank Malaysia, a subsidiary of Mizuho Bank Ltd.
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