KUALA LUMPUR: Bank Islam Malaysia Bhd will sign a RM327 million syndicated Islamic financing facility for Prolintas Expressways Sdn Bhd, the toll concessionaire and operator of the Guthrie Corridor Expressway.

According to an invitation to the signing ceremony to be held on Wednesday, Bank Islam is the lead arranger and syndicate financier for the facility, with three other syndicate financiers including EONCap Islamic Bank Bhd, Kuwait Finance House (Malaysia) Bhd and Affin Islamic Bank Bhd.

The facility will be based on the syariah contract of ijarah.