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Islamic Finance Briefing - Categorized | Banking, Finance more

Islamic bank increases capital by $100 million

Posted on 08 December 2008

From Gulf Daily News: Islamic banking pioneer Dar Al Maal Al Islami Trust (DMI) has increased its capital by $100 million. The capital raising, through a closed rights issue, was approved by an extraordinary general meeting of DMI’s equity participation certificates (EPC) holders, said.

DMI thanked subsidiaries and associates, Ithmaar Bank, Islamic Investment Company of the Gulf (Bahamas), Faisal Islamic Bank of Egypt and the holders of EPCs for their confidence despite the global financial crisis and the subsequent economic challenges….. Full Article: Source

 
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