Aman Lagenda Sdn Bhd accepts RM25.6 million murabahah financing

Aman Lagenda Sdn Bhd accepts RM25.6 million murabahah financing

KUALA LUMPUR, Nov 3  — Bina Darulaman Bhd (BDB) announced that its wholly-owned subsidiary, Aman Lagenda Sdn Bhd (ALSB), has accepted a Murabahah Term Financing-i of RM25.6 million from Affin Islamic Bank Bhd to finance the purchase of two land parcels valued at RM32 million.

The documentation process concluded on Oct 30, 2015, BDB said in a filing to Bursa Malaysia today.

The group said the purchase of the strategic land was expected to add value to its property development activities, and the proposed land development was expected to contribute positively to the group’s earnings in the short to medium term.

— BERNAMA

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