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$10bn Islamic bank launch this yearThe world's biggest Islamic bank, with an initial capital of $10 billion, will be launched before the end of this year, said Adnan Yousef, CEO of Al Baraka Banking Group. He said in an interview with CNBC Arabiya that Sheikh Saleh Kamel, c More… |
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New Islamic bank plans $9bn Bahrain listingA group of Gulf banks and investors plan to raise $9 billion by selling shares in a planned Islamic investment bank. The bank will tap the rising liquidity in Muslim nations, a senior banker said. The bank, tentatively named Ummar More… |
