Sunday, December 10, 2006

EURABIA: EUROPEAN & ISLAMIC BANKS INK DEAL...

European and Bahrain Islamic banks ink deal
Staff Report


Dubai: European Islamic Investment Bank Plc (EIIB), UK-based Islamic investment bank, and Bahrain Islamic Bank (BIsB) have signed an agreement to develop their relationship and mutually benefit from the expansion of the Islamic financial services sector.

Under the terms of the agreement, both parties will work with each other on a non-exclusive basis in areas including treasury, capital markets, asset management and corporate finance.

They will promote the increasing international awareness of Islamic fin-ance by encouraging, fin-ancing and investing in exhibitions and conferences and will also co-operate on the development and distribution of Islamic financial products.

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Pertinent Links:

1) European and Bahrain Islamic banks ink deal

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