Islamic Finance
Regulation, Risk & Compliance
Uncategorized
Dubai Investments to launch sharia-compliant Arkan Bank
Dubai Investments will lead a consortium of investors to launch Arkan Bank, a wholesale Islamic financial institution with an initial paid-up-capital of $100 million, the investment company said on Tuesday. Arkan Bank, which will have an authorised share capital of $500 million, is applying to the Dubai Financial Services Authority…
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