EBI Sets Up Islamic Leasing Company
Emirates Bank International (EBI) announced last week the establishment of a new company to engage in Islamic leasing activities with a capital of $10mn, divided into 100,000 shares of $100 each. Subscriptions are accepted in multiples of 50 shares only. According to an EBI officer, 75% of the company's capital will be invested in a diversified portfolio in the US. The revenue generated by the company is...