Malaysia's Exim Bank gets $15 mln murabaha funding

KUALA LUMPUR, April 8 (Reuters) - Malaysian Islamic lender Asian Finance Bank said on Wednesday it has given 55 million ringgit ($15.32 million) in murabaha financing to state-owned Export-Import Bank of Malaysia.

The 7-year deal will be used to partly finance the purchase of a building for Exim Bank's headquarters in the capital, Kuala Lumpur, Asian Finance said.

Qatar Islamic Bank QISB.QA has a 70 percent share in Asian Finance. RUSD Investment Bank Inc of Saudi Arabia has 20 percent and Financial Assets Bahrain WLL has 10 percent.

Under a murabaha deal, an Islamic bank buys an asset from a third party and sells it to its customer at cost plus profit. This allows the bank to extend financing without charging interest, which is forbidden by Sharia law. ($1=3.590 MALAYSIAN RINGGIT) (Click on [ID:nISLAMIC] for more Islamic finance stories and ISLAMIC for a speed guide)

(Reporting by Liau Y-Sing; Editing by Kim Coghill)