The economic stagnation of the past year and a half has taken a toll on many businesses, but a fleet of Islamic investment banks in Egypt sees opportunity in the new emerging order. Ridge Islamic Capital, one such investment bank, has found a niche in the finance sector and made plans to capitalize on it. It offers Sharia-compliant investment banking, asset management and wealth management services to a market that experts say is primed for Islamic finance.
Launched in late September, the firm is among a slew of banks offering, or planning to offer, Islamic investment products. Others are the National Development Bank and partners EFG Hermes and QInvest………………………………………..Full Article: Source