VOL. XLVI
No 42
20-October-2003
BAHRAIN
REGIONAL BANKING
New Islamic Bank to Start Operations In Bahrain
A new Islamic bank, the International Investment Bank (IIB), is expected to start operations in Bahrain in about two weeks time after it receives its license from the Bahrain Monetary Agency (BMA). The bank has already been given permission to set up operations by the BMA and has registered with Bahrains Ministry of Commerce and Ministry of Justice, said IIBs CEO, 'Abid al-Zira, who was...
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