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...
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