Air Arabia has financed six new A320s in a $230 million Islamic financing deal from Dubai Islamic Bank (DIB). The Ijara loan facility will finance the delivery of a new aircraft every two months starting January 2015. “This Ijara facility is another milestone in our collaboration with Air Arabia, epitomising the bank’s commitment to make Islamic finance a household name in every industry segment in the UAE and beyond,” Adnan Chilwan, CEO of Dubai Islamic Bank, said. “Though Islamic finance is fast gaining acceptance around the world in every facet of banking and finance sector, it is particularly seen to

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