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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Planned Islamic megabank to fuel Gulf mergers

Posted on 03 March 2010

From Arabianbusiness.com: An Islamic megabank slated to open this year is expected to spur bank mergers in the Gulf Arab region, where lenders are struggling to compete with large financial institutions.

Ernst & Young partner Sameer Abdi told the Reuters Islamic Finance Summit last month the firm expected to see an Islamic megabank launched within the next six to 12 months……………………………………….Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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