UAE: Dubai carrier Emirates Airline has appointed a consortium of three local Islamic banks, led by Dubai Islamic Bank (DIB), to help arrange a 12-year Ijarah financing worth AED1.9 billion (US$517.43 million). DIB will be the coordinating bank and the mandated lead arranger for the transaction, while the other lead arrangers are Al Hilal Bank and Ajman Bank. The financing will be used to fund the purchase of three aircraft, comprising two Airbus A380 superjumbos and one Boeing 777-300.