Islamic Bank of Asia to open in May
Bahrain: Wednesday, April 09 - 2008 at 08:03
The Islamic Bank of Asia will launch its first office at the Bahrain Financial Harbour in May, the company said in a statement. The bank was established in 2007 as a joint venture between DBS, one of the largest financial services groups in Asia, and 34 investors from prominent families and industrial groups based in the GCC.The company said it is poised to capitalise on the predicted double digit growth in the GCC's Islamic banking sector.
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Jeff Florian, Senior ReporterWednesday, April 09 - 2008 at 08:03 UAE local time (GMT+4)
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