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Three Islamic banks consider merger with eye on Amlak

Posted on 14 October 2010

From Emirates247.com: The option to merge three Islamic banks - Emirates Islamic Bank, Dubai Bank and Noor Islamic Bank - is being considered, with the idea that the merged entity will then bail out Amlak Finance, a source said.
“As far as we understand, there is a proposal to merge the three Islamic banks, who will then bail out Amlak,” the source said on condition of anonymity……………………………………….Full Article: Source

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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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