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Islamic Bank of Asia focus on Gulf investors

Posted on 09 June 2011

The Islamic Bank of Asia, which is backed by Southeast Asia’s top bank DBS, will focus on courting Gulf wealth and growing Islamic bonds, private equity and REIT deals to drive its business, its chief executive said.
The lender has struggled to compete against other Islamic banks in the region since its establishment in 2007 due to tough market conditions in the Middle East and a lack of interest in sharia banking in Singapore………………………………………..Full Article: Source

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