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GFH signs partnership with Macquarie

  • Bahrain: Tuesday, August 25 - 2009 at 09:53

Bahrain-based Islamic investment bank Gulf Finance House (GFH) is setting up a joint Islamic financial services platform in the Middle East with Macquarie Group, a provider of banking, financial, advisory, investment and funds management services. The partnership is subject to board and regulatory approvals, but if given the green light will include a joint presence in the region and a $100m convertible Murabaha investment by Macquarie in GFH, as part of GFH's current capital management initiatives.

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