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Islamic Finance Briefing - Categorized | Banking, Market Moves, New Launches more

Islamic megabank to launch in 6-12 months

Posted on 19 February 2010

From Reuters: The creation of a planned Islamic investment megabank is in “fairly advanced stages” and it will likely be launched in the next six to 12 months, an executive at a firm advising on the project said on Thursday.

A plan to form the world’s largest sharia-compliant lender — which is being promoted by the chairman of Al Baraka Banking Group Sheikh Saleh Abdulla Kamel — has been in the works for some years…………………………………..Full Article: Source

 
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