US$90 Million Shamil Bosphorous Modaraba
January
2008
Bahrain-based Shamil Bank launched its $90 million Shamil Bosphorus Modaraba (venture capital) that will invest in Shari’a-compliant real estate developments in Turkey.
The modaraba will have an investment term of three years and will target residential and mixed-use real estate development in Istanbul, and secondary homes on the Turkish coast.
Haya Rashed Al Khalifa Attorneys at Law & Legal Consultants acted as legal advisors to Shamil Bank in relation to this transaction.
The HRAK Team was headed by Haya Al Khalifa.