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