EIIB moves to new Bahrain office
Manama, September 2, 2007
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 and regulated by the UK Financial Services Authority,
The office is located at 14th Floor, Al Zamil Tower.
EIIB have recently hired additional key personnel to the Bahrain operation which further emphasises its steady growth and development within the Middle East.
EIIB was incorporated in January 2005 and received its authorisation by the FSA in March 2006. In April, it opened for business, and in May completed its IPO and was admitted to London’s AIM market.
Headquartered in London, EIIB’s range of products and services include the following Sharia’a compliant investment banking activities:
- Islamic Treasury and Capital Markets
- Asset Management, including Private Banking
- Structured Trade Finance
- Corporate Finance and Advisory
- Sharia’a Advisory.
EIIB aims to deliver a full range of alternative investment opportunities, enabling Islamic investors to construct balanced and sophisticated portfolios which can access a full range of asset classes internationally.
EIIB will seek to service a market for Sharia’a compliant investment banking services in Europe, the Middle East and Asia that it believes has been under-exploited by conventional and Islamic banks, and by non-banking institutions.
EIIB intends to become a major participant in the market for Islamic securities, treasury and investment products, which is currently experiencing rapid growth.
The founding shareholders of EIIB include Gulf based individuals and institutions, including a number of Islamic banks, as well as individuals and companies based in Europe.
More Finance & Capital Market Stories
- Dubai inflation hits 4-year high in Nov
- New guidelines for Islamic banks, Takaful
- ADS to enter UK in 2014, starts pricing yuan
- Citadel cuts net loss as regional unrest eases
- Saudi inflation edges up to 3.1pc y/y in Nov
- Kuwait's Investment Dar reaches key debt agreement
- Banks on alert over ATM fraud
- Bahrain's economy bounces back on positive outlook
- Mena inbound M&A value triples to $3.9bn
- DFM opens educational trading floor at varsity