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From Zawya.com: The National Bank for Development (NBD), which specializes in Sharia-compliant products and had LE 2 billion in capital at the end of 2010, has been consolidating its market share in car financing.
Since the acquisition of 49 percent of the NBD’s stock by the Abu Dhabi Islamic Bank in 2007, the NBD has been transitioning to Sharia-compliant financial services……………………………………….Full Article: Source
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Islamic Finance Briefing - Categorized | Banking, Financial Instruments (Credit Cards, Debts, Loans, Mort, Market Moves more
NBD finds niche in Sharia-compliant car financing
| Posted on 28 January 2011 |
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