AK BARS Bank participated in IFN Europe Forum 2014 on 26 June. The Forum was organized by Islamic Finance News (IFN), the leading specialized journal for the Islamic finance market. This year the Islamic Finance News awarded the Bank with special honorable prize under Europe’s Best Deal nomination within the Bank’s USD 100 mln. Murabaha deal.
AK BARS Bank acted as Associated sponsor of the Forum first time being held in Luxembourg. Within its session, AK BARS Bank’s representatives shared the Bank’s experience in second Sharia compliant Murabaha international Islamic syndication. The Bank’s session was well received raising significant interest of the international banks. Following its debut US$ 60 mln. deal of 2011, current Murabaha facility became AK BARS Bank’s second Sharia compliant project in Islamic finance market. Today AK BARS Bank is the leader and pioneer in the development and implementation of alternative funding sources both in the Russian market and across the CIS.
AK BARS Bank also became a participant of the exhibition allowing to present investment opportunities of the Bank and the Republic of Tatarstan.
The Forum brought together leading companies and financial institutions from across Europe and Middle East.