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...
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