While DIFC welcomes initiatives within the Islamic Finance industry, DIFC clarifies that it is not a member of the founding consortium of 'Rashed Investment Bank' and does not have a financial stake in the venture.
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DIFC clarifies its position regarding 'Rashed Investment Bank'
- United Arab Emirates: Monday, August 04 - 2008 at 10:07
- PRESS RELEASE
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DIFC today clarified its position on news reports that have recently appeared regarding 'Rashed Investment Bank' an Islamic investment bank proposed to be set up in Dubai.
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Posted by Siba Sami AmmariMonday, August 04 - 2008 at 10:07 UAE local time (GMT+4)
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About the DIFC:
The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services. In just three years, over 600 firms have registered at the DIFC.
They operate in an open environment complemented with world-class regulations and standards. The DIFC offers its member institutions incentives such as 100% foreign ownership, zero tax on income and profits and no restrictions on foreign exchange.
In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.
For further information, please contact:
Amira Abdulla
Director- Regional Public Relations
Dubai International Financial Centre
P.O. Box 74777, Dubai, UAE
Tel: +971 4 362 2433
Fax: +971 4 3622236
The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services. In just three years, over 600 firms have registered at the DIFC.
They operate in an open environment complemented with world-class regulations and standards. The DIFC offers its member institutions incentives such as 100% foreign ownership, zero tax on income and profits and no restrictions on foreign exchange.
In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.
For further information, please contact:
Amira Abdulla
Director- Regional Public Relations
Dubai International Financial Centre
P.O. Box 74777, Dubai, UAE
Tel: +971 4 362 2433
Fax: +971 4 3622236
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