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Islamic Finance Briefing - Categorized | Banking, Market Moves, New Launches more

Islamic megabank could launch in 2011 after delays

Posted on 01 December 2010

From Reuters: Investors in a long-touted Islamic bank with as much as $3 billion in capital hope to launch the bank next year, bankers said on Tuesday, in a bid to improve the competitiveness of the scattered industry.
Saudi Arabia’s Sheikh Saleh Kamel, founder and chairman of Bahrain-based Islamic bank Al Baraka BARKA.BH, has spearheaded an initiative to establish a global Islamic mega bank but the plan has been touted for years……………………………………….Full Article: Source

 
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