Capinnova supports the 'World Islamic Funds and Capital Markets Conference'

The bank is one of the Gold Strategic Partners for the event. Capinnova is licensed by the Central Bank of Bahrain; the bank is well capitalized and is wholly owned by BBK. Capinnova has an authorized capital of $500m and paid-up capital of $125m.

"We are proud to be associated with the 5th Annual World Islamic Funds and Capital Markets Conference in Bahrain. We are confident about the Islamic finance industry's future and we are one of the prime examples to support that confidence as our bank was launched in January 2009. We will continue to support such industry events where large group of Islamic Banking experts gather to propel the industry forward,"

said Capinnova Investment Bank's Chief Executive Officer - Mr. Jamal Hijres.

Capinnova's core areas of business include private equity, asset management and corporate finance and the bank hopes to close its first deals during the first half of the year. The bank develops Shari'a compliant investment products and services for financial institutions, corporate customers, high-net-worth-individuals, investors and family businesses, regionally and globally.

"Capinnova's vision is to be a world class Islamic investment bank offering a range of high quality products and services to a diverse clientele. Our mission is to become the Islamic investment bank of choice and a niche player, providing clients in the GCC and MENA region with superior investment products aimed at building and sustaining shareholder value, whilst maintaining an optimal balance between risks and returns. We are confident about the Islamic finance industry in the region and we predict that it will gather momentum by end of 2009," Mr.Hijres added further.

Capinnova will provide a variety of products, including murabaha, ijara, mudaraba, musharaka, al Salam and istitsna'a, restricted and unrestricted investment accounts, syndications and other structures used in conventional finance, which have been appropriately modified to comply with Shari'a principles.

"The growth of Islamic banking industry in particular has been remarkable in recent years and we have observed a significant growth pattern in the industry within the GCC and across the globe. Capinnova Investment Bank aims to leverage on this exponential growth and further strengthen the Islamic Banking industry in Bahrain and across the region," concluded Mr. Hijres.