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Islamic Finance Briefing - Categorized | Banking, Finance more

Noor benefits from Dubai bailout cash

Posted on 22 June 2009

From Maktoob.com: Noor Islamic Bank, a Dubai-based sharia-compliant lender that’s part-owned by the government, has received a portion of the emirate’s $10 billion economic bailout bond in the form of deposits, the company’s chief executive told news agency Zawya Dow Jones.

“We received part of the Dubai $10 billion bond in deposits,” Hussain al-Qemzi said in an interview Sunday. “We also received deposits from the Mnistry of Finance.”……..Full Article: Source

 
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