Wednesday 23 July 2014
European Islamic Investment Bank

EIIB acquires 35pc stake in Rasmala

European Islamic Investment Bank (EIIB) is to invest $16 million over 12 months in Dubai-based Rasmala Holdings via a financing facility convertible into shares representing about 35 per cent of the group's enlarged capital. Rasmala ch


UK Islamic bank eyes 30pc Rasmala stake

UK-based European Islamic Investment Bank (EIIB) is in talks to acquire a 30 per cent stake in Dubai-based Rasmala Investment Bank, two sources with knowledge of the matter told Reuters on Thursday. The acquisition, which is set to be


EU Islamic bank plans job cuts

European Islamic Investment Bank (EIIB), which was set up in 2005 to provide Sharia-compliant banking products and services, announced dozens of job cuts and the closure of a representative office in Bahrain as part of a restructuring. The


EIIB moves to new Bahrain office

The European Islamic Investment Bank (EIIB) has moved to new offices in Bahrain in line with its strategic growth and investment plans for the region. It is the first independent, Sharia’a compliant Islamic investment bank to be authorised


EIIB backs UK Sukuk summit

Islamic finance is attracting considerable interest from a broad range of investors. European Islamic Investment Bank (EIIB) is the main sponsor of the first Sukuk Summit to be hosted in London. EIIB is the first independent, Shari


EIIB tapping oil wealth

European Islamic Investment Bank plans to raise up to $600 million of funds to tap the thriving niche market driven by rising petrodollar wealth. Industry watchers estimate the total liquid assets of high-net-worth individuals, with financ

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