| A tripartite agreement has been signed here yesterday to establish a large Islamic bank in Doha with a capital of $1 billion. Sudan President Omar Al-Bashir attended the signing by Qatar Islamic Bank, Islamic Development Bank and Dallah Albaraka Group.
"The three founders have subscribed to half of the new bank's capital ($500 million)," an official statement issued by IDB said. Ahmed Muhammad Ali, president of IDB, said the new bank would facilitate the establishment of a financial market by Islamic banks and provide innovative solutions for liquidity management...............................................Full Article: Source
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