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Sunday, November 22 - 2009

Ministers of Finance and Housing visit Dar Al- Mal Al-Islami booth at AAOIFI's World Bank Islamic Banking and Finance Conference

H.E Sheikh Ahmad Bin Muhammad Al Khalifa, Minister of Finance, and H.E Sheikh Ibrahim Bin Khalifa Al Khalifa, Minister of Housing, visited Dar Al- Mal Al-Islami's booth during the Accounting and Auditing Organization for Islamic Financial Institutions' (AAOIFI) World Bank Islamic Banking and Finance Conference held recently held at The Gulf Hotel.

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  • R- L: Faisal Alalwan, CEO, Shamil Bank, H.E Sheikh Ahmad Bin Muhammad Al Khalifa, Minister of Finance, Ahmed A.Rahim, Chief Operating Officer, Ithmaar Bank and Deputy CEO, Shamil Bank, and H.E Sheikh Ibrahim Bin Khalifa Al Khalifa, Minister of Housing.
    R- L: Faisal Alalwan, CEO, Shamil Bank, H.E Sheikh Ahmad Bin Muhammad Al Khalifa, Minister of Finance, Ahmed A.Rahim, Chief Operating Officer, Ithmaar Bank and Deputy CEO, Shamil Bank, and H.E Sheikh Ibrahim Bin Khalifa Al Khalifa, Minister of Housing.
Geneva-based Dar Al- Mal Al-Islami, established in 1981, is the Golden Sponsor for the World Bank Islamic Banking and Finance Conference and has a network of branches that span four continents.

During the visit, Ministers, VIPs and visitors got an overview of Dar Al- Mal Al-Islami's activities including Islamic banking and investment in addition to Islamic insurance.

Faisal Mansoor Alalwan, CEO, Shamil Bank and Ahmed A.Rahim, Chief Operating Officer, Ithmaar Bank and Deputy CEO, Shamil Bank received the Ministers during their visit.
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Notes and media contacts

About Dar Al-Maal Al-Islami Trust (DMI):

Dar Al-Maal Al-Islami Trust (DMI) was founded in 1981. It has an extensive network stretching over four continents, with well integrated regional subsidiaries enabling it to respond to local business needs and conditions. Based on this geographic structure, the DMI Group and associates act as a financial bridge between the world's leading financial centres and Islamic countries.

The Group comprises three main business sectors: Islamic banking, Islamic investment and Islamic insurance.

DMI Trust is an institution that creates, maintains and promotes Islamic financial institutions. Asset management is one of the Group's core business activities. Clients' funds are invested prudently with the objective of optimal return as well as asset preservation. DMI has devised a comprehensive range of Islamic financial instruments to channel investors' funds into viable Sharia compatible operations and investments.

For further information, please contact:

Taimour Raouf
Director
Group Public Relations
Ithmaar Banking Group
T. +973 39616434

Maya Ribeiro
Account Manager
Action Bahrain
P.O Box 11652
Manama , Kingdom of Bahrain
T. +973 17234553
F. +973 17234557

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