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A NEW Islamic investment bank with an authorised capital of $1 billion and subscribed and paid-up capital of $200 million has opened in Bahrain.
Shareholders of Investment Dar Bank, based at Zamil Tower, consist of a group from the private sector including Islamic financial institutions and individuals with vast experience in the Islamic financial industry.
Adnan Abdul Qader Al Musallam, chairman and managing director of Investment Dar Company, said: “Investment Dar Bank in Bahrain will focus on offering world-class investment services and transaction advice.”
Mr Al Musallam thanked all who had contributed to the founding of the bank in particular the government of Bahrain, His Majesty King Hamad for his contribution in support of the Islamic Finance industry in the region. He also highlighted the Central Bank of Bahrain and the Industry and Commerce Ministry for their support.
