VOL. XLIV

No 31

30-July-2001

BAHRAIN

GIB Launches New IslamicLeasing Product

Bahrain-based Gulf International Bank (GIB) announcedon 24 July that it is offering a new Islamic investment product in the form ofthe Islamic Aircraft Leasing Company (IALC) to be jointly launched by GIB andErnst and Young, Bahrain. In a statement, the bank explained that the companywill operate on Shari'a principles offering investors an Islamically acceptableequity investment.

Interested investors will be able to...