05.04.2012 - New Islamic bank’s wide spread ‘may delay impact’
Gulf institutions plan to spur development of the Islamic finance industry by setting up a bank that would boost liquidity in Shariah-compliant markets. But the mandate of the bank is so wide that it may struggle to have an impact early on. The Islamic Development Bank (IDB), a Jeddah-based multilateral institution, signed a memorandum of understanding with the Qatari government and Saudi Arabia’s Dallah Albaraka Group on Tuesday to launch an Islamic bank based in Doha...............................................Full Article: Source
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