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

QIIB eyes $80pct stake in UK bank

Posted on 29 July 2010

From Tradearabia.com: Qatar International Islamic Bank (QIIB) has committed £20 million ($31 million) capital injection to Islamic Bank of Britain (IBB), taking QIIB’s stake in the bank to over 80 per cent.
The additional capital will allow IBB to leverage its established retail brand in the Islamic finance sector to increase sales of key products, such as the recently launched Islamic alternative to mortgages the IBB Home Purchase Plan……………………………………….Full Article: Source

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