VOL. XXXI

NO. 17

1-FEBRUARY-1988

Financial and Banking News

REGIONAL BANKING

Al-Tawfeek Launches Islamic Investment Instrument

Al-Tawfeek Company, a Bahrain exempt company founded in January 1987 bymembers of the Al-Baraka Group to function in accordance with the principles ofIslamic Shari'a (MEES, 12 January 1987), on 23 January announced the launch of a$19mn public issue paving the way for the establishment of an Islamic secondaryfinancial market. The new financial instrument has been divided...