12.10.2009 - IDB announces plans to launch investment bank
From Business24-7.ae: The Jeddah-based Islamic Development Bank (IDB) announced the launch of an Islamic investment bank with initial capital of $1 billion (Dh3.6bn) to promote the growth of Islamic financial industry, the bank said. Dr Ahmad Mohamed Ali, President of the IDB, said the mega bank's initial contributions to the new bank's capital will be $250 million......................Full Article: Source
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