Sharif El-Gamal put together one of the most unusual financing packages in the history of New York City real estate when he secured a sharia-compliant construction loan four years ago for his glitzy Tribeca condo tower. Now, as the developer battles with his lender for control of the stalled project, El-Gamal is claiming that the Malaysian bank that made the loan has violated the sharia terms, which require both sides to be more accommodating than
source https://therealdeal.com/2020/06/11/el-gamal-claims-lender-violated-sharia-terms-on-tribeca-tower-loan/
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