http://www.dawn.com/2007/02/24/ebr7.htm
Plan for mega Islamic bank intact KUALA LUMPUR, Feb 23: A mega Islamic bank that can fund large projects in Muslim countries is still being developed, the General Council for Islamic Banks and Financial Institutions (CIBAFI) said on Friday, denying talk that it had scrapped plans to set up the bank. A large Islamic lender would help develop the Islamic finance industry which has $300bn of assets but lacks well-capitalised banks. About a quarter of the around 285 Islamic lenders worldwide are reported to have less than $25 million in paid-up capital. The Bahrain-based CIBAFI had planned to launch a $1 billion Islamic bank in 2006, according to media reports. The delay in the roll out had led to speculation that the council had called off its plans.But the council said plans to establish the bank were intact. "A committee of the IDB, CIBAFI, and other parties has been established to follow up the establishment of the Islamic Mega Bank," Shaymaa Masri, the council's Director of Public Relations and Marketing, told Reuters. +++ ------------------------ Yahoo! Groups Sponsor --------------------~--> Yahoo! Groups gets a make over. See the new email design. http://us.click.yahoo.com/hOt0.A/lOaOAA/yQLSAA/TySplB/TM --------------------------------------------------------------------~-> -------------------------- Want to discuss this topic? Head on over to our discussion list, [EMAIL PROTECTED] -------------------------- Brooks Isoldi, editor [EMAIL PROTECTED] http://www.intellnet.org Post message: [email protected] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] *** FAIR USE NOTICE. This message contains copyrighted material whose use has not been specifically authorized by the copyright owner. OSINT, as a part of The Intelligence Network, is making it available without profit to OSINT YahooGroups members who have expressed a prior interest in receiving the included information in their efforts to advance the understanding of intelligence and law enforcement organizations, their activities, methods, techniques, human rights, civil liberties, social justice and other intelligence related issues, for non-profit research and educational purposes only. We believe that this constitutes a 'fair use' of the copyrighted material as provided for in section 107 of the U.S. Copyright Law. If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/osint/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/osint/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
