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Islamic Finance Briefing - Categorized | Banking, New Launches more

Positive start for First Energy Bank

Posted on 10 July 2009

From Gulf-daily-news.com: First Energy Bank (FEB) has had a positive start to the year, shareholders heard at the annual general meeting. It was held at the Banyan Tree yesterday.

The world’s first Islamic investment bank focused exclusively on the energy sector saw operating profit for the first six months of the year at $9.03 million, though one-time establishment costs saw the bank enter modest net profits, in line with expectations for its inaugural year……..Full Article: Source

 
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