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

Scandal-hit Dubai Islamic Bank seeks fresh start

Posted on 13 March 2009

From Thepeninsulaqatar.com: Dubai Islamic Bank claims to be the oldest Islamic bank in the world, but it also has a history punctuated by scandal.

Its new management hopes the referral of seven defendants to court this week for allegedly participating in a scheme to defraud the bank of more than $500m will end the latest period of uncertainty, which has revived awkward memories of the past….. Full Article: Source

 
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