The Islamic Development Bank (IDB) and the Turkish bank, ASYA Bank, have set up a subsidiary in Mauritania under the name Islamic Bank of Mauritania (BIM). The new bank will officially launch its activities on 27 November, acording to a statement issued in Nouakchott on Wednesday.

BIM has a capital of US$22 million with 60 per cent of the shares held by the Islamic Corporation for Private Sector Development (SIDSP), a subsidiary of the IDB, against 40 per cent for Turkey’s ASYA Bank……………………………………..Full Article: Source