Qatar's Nakilat Inks $380 Mln Islamic Loan

Sunday, Aug 12, 2012

DUBAI (Zawya Dow Jones)--Qatar Islamic Bank (QIBK.DO), or QIB, the country's largest shariah-compliant lender, said Sunday it signed a $380 million Islamic murabaha loan with Qatar Gas Transport Co., better known as Nakilat.

Qatar International Islamic Bank also helped provide financing, QIB said in a statement posted on the Doha bourse website. QIB's share of the loan was $180 million, it added.

Nakilat is the world's largest shipper of liquefied natural gas, or LNG.

-By Alex Delmar-Morgan, Dow Jones Newswires; +974 6659 9818; alex.delmar-morgan@dowjones.com; Twitter: @ZDJnews

Copyright (c) 2012 Dow Jones & Co.

(END) Dow Jones Newswires

12-08-12 1318GMT