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Bermuda likely to host first Islamic bank by year-end

Posted on 08 July 2010

From Zawya.com: Bermuda is likely to see the first Islamic financial institution to be up and running by the year end, a development which will boost the chances for Bermuda to become an emerging hub for the Islamic banking and finance in the Western Hemisphere.
The Deputy Premier and the Minister of Finance Paula A. Cox, on the sidelines of the Bahrain-Bermuda seminar, said that she was positive about the outcome of efforts aimed at establishing the first Islamic bank or Takaful Company by the fourth quarter of the year……………………………………….Full Article: Source

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