Qatar's Nakilat inks $380m Islamic loan

Qatar Gas Transport Co (Nakilat), the world's largest shipper of liquefied natural gas (LNG), signed a $380m murabaha-structured Islamic loan, a statement from one of the banks providing the finance said on Sunday, Reuters reports.
Qatar Islamic Bank provided $180m of the facility, the bank said in a bourse filing. Qatar International Islamic Bank provided the remainder of the cash.
No other details of the deal were provided.
A murabaha is a sharia-compliant cost-plus-profit arrangement.
Last month, Nakilat reported a 5.9 percent jump in second-quarter profit partly due to better cost control.
Shares in Nakilat closed up 0.6 percent on Sunday, trimming year-to-date losses to 10.5 percent. Qatar's main index has lost 4.1 percent in 2012.