| Though it was a mere tripartite memorandum of understanding (MOU) between Qatar, Islamic Development Bank (IDB) and the Dallah Al-Baraka Group, but it deserves importantance since it has settled to a large extent a debate on whether the Mega bank, whose idea has been mooted years ago, will ever come to being and who will be its main shareholders.
In fact, two years ago a poll was conducted among those interested in Islamic finance from institutions and individuals to see whether 2010 will see that the Mega Bank to emerge that year, the majority, though modest, did not see it happening...............................................Full Article: Source
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