20.07.2012 - Bahrain: Coming together in Islamic finance
The Kingdom is encouraging some of its sharia-compliant banks to join forces to be better capitalised and equipped to deal with an increasingly turbulent and competitive global market. At the end of June, shareholders of three Bahraini Islamic lenders Capivest, Elaf Bank and Capital Management House approved a proposal put forward by their respective managements to merge their operations, a move first mooted at the end of last year...............................................Full Article: Source
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