13.05.2010 - Dubai Islamic Bank approves deposit conversion
From Arabianbusiness.com: Dubai Islamic Bank (DIB) approved on Wednesday the conversion of a 3.75 billion dirham ($1.02 billion) state deposit into tier-2 capital, the bank said. An extraordinary general meeting approved the tier 2 wakala, or Islamic deposit, agreement with the finance ministry, the emirate's largest Islamic lender said in a statement.............................................Full Article: Source
Print