VOL. XLIV

No. 25

18-June-2001

Dallah al-Baraka And TII Unite To Form $300Mn Global Islamic Financial Group

Dallah al-Baraka Group (DBG) and The International Investor (TII) announced on 9 June that they had signed a memorandum of understanding on combining DBGs assets in a number of banking subsidiaries with TII. According to a statement released by TII, the $300mn plus deal will create "the first Islamic financial services group to offer a full range of investment, commercial and retail banking...