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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Ithmaar to become premier Islamic retail bank

Posted on 29 March 2010

From Arabnews.com: With the verbal approval from the regulatory authorities, Ithmaar Bank is set to become the region’s premier Islamic retail bank, according to its chairman, Prince Amr Mohammed Al-Faisal.

Prince Amr told the bank’s shareholders on Sunday that the bank had received verbal approval to proceed with its reorganization plans, and that formal, written approval will follow shortly……………………………….Full Article: Source

 
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