| From Albawaba.com: According to the recent Standard and Poor’s rating agency - Islamic banking is expected to reach US$4 trillion in the next 5 years. 'Capinnova Investment Bank’ - the Shari’a compliant investment banking arm of Bank of Bahrain and Kuwait (BBK) is confident about the Islamic finance industry in the region and predicts that it will gather momentum in 2009.
Capinnova is licensed by the Central Bank of Bahrain; the bank is well capitalized and is wholly owned by BBK. Capinnova has an authorized capital of US$500 million and paid-up capital of US$125 million.....Full Article: Source
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