Tuesday 20, March 2018 by Jessica Combes

Dubai Investments sets up new Islamic bank

 

Dubai Investments has announced plans to lead a consortium of investors to launch Arkan Bank, a wholesale Islamic financial institution with an initial paid-up capital of $100 million, with the authorised share capital of Arkan Bank at $500 million, according to a statement by the investment company.

Features & Analyses

Economics Adapting to a new era

  Abdullah Al-Fozan, Chairman of KPMG MESA and KPMG Saudi Arabia, provides an exclusive commentary on the Kingdom’s business… read more