UK - QIB’s UK unit showcasing realty product in France

Buoyed by the response for its real estate mezzanine funding, QIB (UK) is showcasing the product at the annual MIPIM real estate conference that begins today in France. The product was introduced during 2010 and is focused upon the 60%-80% tranche within the capital stack. It allows QIB (UK), as an Islamic financier to co-exist with a conventional bank within the same financing structure whilst fully meeting Shariah requirements and guidelines. “I believe the real estate mezzanine product will enable investors to refinance upon satisfactory terms,” said Michael Clark, CEO of QIB (UK). (full story)

Source : http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=420437&version=1&template_id=48&parent_id=28 March 8, 2011