03.03.2010 - NBD reveals new Islamic banking products
From Africanfinancialmarkets.com: The National Bank for Development (NBD) introduced two new Islamic banking products last week: sukuk, a debt instrument, and yosr murabaha, a personal finance tool. Since the acquisition of 49 percent of NBD’s stock by the Abu Dhabi Islamic Bank (ADIB) in 2007, NBD has been transitioning to Sharia-compliant financial services. Prior to ADIB’s buyout, NBD had experienced significant problems, including losses and debts which ADIB agreed to purchase..............................................Full Article: Source
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