Islamic Finance
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Egypt's Abu Dhabi Islamic Bank triples capital of subsidiary ADI-CF
The Egyptian Islamic bank, Abu Dhabi Islamic Bank (ADIB), announced it has increased the share capital of its consumer finance subsidiary from EGP10 million to EGP30 million (about $635,000 to $1.9 million). Daily News Egypt, which relayed the information, reported that Abu Dhabi Islamic Consumer Finance's (ADI-CF) capital strengthening deal…
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Click here to read the full story: Ecofin Agency