Browse
related articles
EIB, who is also a leading investor in Madaares, will help to facilitate the subscription process of over 150 Madaares investors through its nationwide branches. With subscription commencing on 15th July 2006 and closing on 29th July 2006, EIB will play a key role in the subscription process.
Nasser Hassan Al-Shaikh, Vice Chairman and CEO of National Bonds Corporation and Chairman of the Madaares Founders Committee commented;
"We welcome the opportunity to work with Emirates Bank Group through EIB, whose expertise in the banking industry is very highly regarded. EIB has been chosen as the lead bank for Madaress not only for its high quality, customer orientated approach but also for its Shari'a compliant policies. As with NBC, all Madaares' financial transactions will also be Shari'a compliant."
Mr. Abdulla Showaiter, General Manager Corporate and Investment Banking, EIB, said; "Emirates Islamic Bank is proud to be a part of the Madaares initiative which represents both a strategic investment and social opportunity for EIB, which will play a pivotal role in the subscription process as well as helping to contribute to the continued prosperity of the UAE through educational opportunities."
Posted by Anne-Birte Stensgaard, Senior News Editor
