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Al Hilal Bank set to open Islamic unit in Kazakhstan

Posted on 22 March 2010

From Gulfnews.com: Al Hilal Bank yesterday said it had received a licence from the Kazakhstan Financial Markets Supervisory Authority to open the country’s first Islamic bank under the name Al Hilal Islamic Bank.

“The new bank is fully owned by Al Hilal Bank with a capital of $36 million (Dh132.1 million). The headquarters is [to be] established in the city of Almaty with a branch in the city of Astana,” Al Hilal Bank said in a statement………………………………….Full Article: Source

 
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