Qatar Islamic Bank provides US$500 million Murabaha financing to Shoreline Natural Resources

Qatar Islamic Bank (QIB) provided a US$500 million Shari'ah-compliant Murabaha financing facility to Shoreline Natural Resources Limited to refinance existing obligations and provide working capital for upstream petroleum operations. The transaction blended Islamic finance principles with reserve-based lending structures under Nigeria's Petroleum Industry Act

Advisory Team Udo Udoma & Belo-Osagie

Adeola Sunmola

Folake Elias-Adebowale

Abolanle Ayoola

Noble Chinwendu