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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Masraf mulls buying bank in UK

Posted on 15 June 2012

Masraf Al Rayan’s plan to take over a loss-making bank in the UK will provide Qatar’s biggest publicly traded Islamic lender a foothold in Europe’s largest market for Sharia-compliant financial products and services.
Masraf, which also offers Islamic banking in Oman and Saudi Arabia through affiliates, plans to acquire 70 per cent of Birmingham-based Islamic Bank of Britain, while the Qatari government will buy the remaining 30 per cent, the bank said……………………………………….Full Article: Source

 
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