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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Gulf banks slow buyout plans due to global crisis

Posted on 11 June 2012

Established in 2007, Dubai-based Noor Islamic Bank said it planned to become the world’s largest Islamic lender within five years, and would consider acquisitions to reach that goal.
But the global financial crisis dented those plans, and today Noor Islamic is focused on its domestic retail and takaful (Islamic insurance) businesses, with much of its overseas activity concentrated in Turkey and Tunisia………………………………………..Full Article: Source

 
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