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Islamic Finance Briefing - Categorized | Banking, Capital Market (Equity, Mutual Funds), Finance more

Bank Islam says Dubai Financial declines share offer

Posted on 02 October 2009

From Reuters: Dubai Financial Group has refused an offer to buy preference shares in Malaysia’s Bank Islam, in which it holds a 40 percent stake, the Malaysian lender said on Thursday.

Bank Islam, which is Malaysia’s No 2 sharia bank, had offered preference shares to its shareholders in April to raise up to 540 million ringgit ($156 million)………………Full Article: Source

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