BLME arranges senior secured Murabaha finance facility for Greenergy
27 Sep 2012 04:26 GMT
 

BLMEBank of London and The Middle East plc ("BLME") is an independent UK wholesale Sharia'a compliant bank based in London. BLME received FSA autho (more)

BLMEBank of London and The Middle East plc ("BLME") is an independent UK wholesale Sharia'a compliant bank based in London. BLME received FSA authorisation in July 2007 and is the largest of its peers in Europe. It is led by a management team that brings together a combination of experienced international bankers and leading experts in Islamic finance.

The four core areas that set the foundations for BLME's competitive offering are Private Banking, Asset Management, Corporate Banking and Markets Division.

BLME is dedicated to offering innovative Islamic investment and financing products to businesses and high net-worth individuals in the European, US, Asian and MENA regions. To ensure that BLME's services and operations are wholly Sharia'a compliant, the Bank has a dedicated Sharia'a Supervisory Board ("SSB"). The SSB's role is to review contracts and agreements relating to all transactions ensuring that they are consistent with the principles of Islamic jurisprudence.

GreenergyGreenergy is a major supplier of petrol and diesel to oil companies, supermarkets, bus and haulage companies, primarily in Britain. Last year (April 2011 to April 2012) it supplied 10.9 billion litres of fuel, equivalent to more than fifth of all the road fuel in the UK. In order to supply its customers more efficiently, Greenergy has made a number of infrastructure investments in the UK over the past five years. These have included new import and manufacturing facilities at Vopak sites on the Thames estuary and in Teesside, as well as new storage facilities in Cardiff and Plymouth. At Immingham on the east coast of England, Greenergy also owns and operates the largest waste-based biodiesel production facility in Europe.www.greenergy.com For more information contact: Leslie Mouawad Bensirri Public Relations M: +965 99981334 E: leslie@bensirri.com

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