| 09.10.2009 - Bahraini Islamic bank expands in western way |
| From Thepeninsulaqatar.com: Unicorn plans to spend $1bn on acquiring other institutions in the Gulf, Europe and Asia and has raised about $220m of capital to this end. It is preparing to launch a sukuk, or Islamic bond, in Saudi Arabia in the fourth quarter . Details of the latest sukuk have yet to be worked out, says Mr Refai, though he was reported in April as saying that the bank was planning a $425m sharia -compliant bond to fund its expansion plans....................Full Article: Source |