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Islamic Finance Briefing - Categorized | Banking, Compliance, Tax, Legal, Regulatory, Market Moves more

Bahrain’s biggest merger of banks

Posted on 13 December 2011

Bahrain’s central bank has urged five Islamic banks to merge early next year as it seeks to strengthen the banks’ capital bases, a senior official said.
Naser Mohammed Al-Belooshi, Executive Director of management services at the Bahrain Monetary Agency, the Gulf Arab state’s central bank -said capital limitations would continue to seriously compromise the ability of Islamic banks to finance major international projects………………………………………..Full Article: Source

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