VOL. XXXV
NO. 32
11-MAY-1992
Financial and Banking News
Regional Banking
Two Islamic Finance Groups Hope for Saudi Banking Licenses
Bahrain-based Faysal Islamic Bank, part of the worldwide Dar al-Mal al-Islami(DMI) group, hopes to receive a Saudi banking license by the end of the year.Prince Muhammad al-Faisal, DMI's founder said in early March the he had beentold verbally that a license would be issued, and that he was waiting for thewritten approval. The Prince made his remarks during a lecture...
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