{"id":20240,"date":"2011-09-07T00:57:00","date_gmt":"2011-09-06T22:57:00","guid":{"rendered":"http:\/\/beta.next-finance.net\/innovation\/jeantetassocies-advises-apicorp-on-a-murabaha-islamic-funding\/"},"modified":"2011-09-07T00:57:00","modified_gmt":"2011-09-06T22:57:00","slug":"jeantetassocies-advises-apicorp-on-a-murabaha-islamic-funding","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/innovation\/jeantetassocies-advises-apicorp-on-a-murabaha-islamic-funding\/","title":{"rendered":"JeantetAssoci\u00e9s advises APICORP on a murabaha islamic funding"},"content":{"rendered":"<p>JeantetAssoci\u00e9s advised Arab Petroleum Investments Corporation (APICORP) in the establishment of a <em>Murabaha<\/em> Islamic funding in favor of the <em>Soci\u00e9t\u00e9 Anonyme Marocaine de l\u2019Industrie de Raffinage<\/em> \u2013 SAMIR (Morocco) for the purchase of products for refining.<\/p>\n<p>APICORP is an Arab intergovernmental financial institution established in the Gulf (Saudi Arabia\/Bahrain), founded in 1975 by the OAPEC and dedicated to the financing of the development of energy sector within Arab countries. Specialized in the funding of energy value chain, APICORP is one of the sector\u2019s major players being involved in conventional or Islamic debt operations, take-overs as well as providing financial advices.<\/p>\n<p>APICORP acted as a financial arranger and sole financier in the revolving funding granted to the first refiner in Morocco, SAMIR. In accordance with the principles of Murabaha, APICORP buys  products from SAMIR\u2019s approved suppliers and sells them back immediately to SAMIR at a forward price, which equals to the purchase price plus a margin. This margin is priced according to the LIBOR rate.<\/p>\n<p>JeantetAssoci\u00e9s\u2019 team involved Jean-Fran\u00e7ois Adelle, partner, assisted by Naulais Emmanuelle, Paris-based fellow for documentation of funding and Laurent Sable, Casablanca-based partner.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>APICORP acted as a financial arranger and sole financier of a revolving funding loan granted to Morocco\u2019s first refiner, SAMIR&#8230;<\/p>\n","protected":false},"author":20,"featured_media":20238,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1471],"tags":[1687,1996,1671,1675,1711,1437,2090],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/20240"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=20240"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/20240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/20238"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=20240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=20240"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=20240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}