Seychelles-based BMI Offshore Bank (BMIO), partly owned by BMI Bank Bahrain, is being converted into a sharia-compliant bank, it has emerged. This follows a visit to Seychelles by a delegation from BMI Bank, a subsidiary of Al Salam Bank-Bahrain (ASBB), led by the parent’s executive committee chairman Hussein Mohammed Al Meeza along with a number of senior officials, said a report in the Gulf Daily News (GDN), our sister publication.

 

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