Aug 30 2012 |
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UAE and Bahraini investors to set up USD240m Islamic bank in Iraq
By Jafar Al Oqaily and Mohamed Alouna UAE and Bahraini businessmen have applied for a license to operate an Islamic bank in Iraq with a paid-in capital of USD 240 million, a senior executive told Zawya."We have applied to the Central Bank of Iraq and expect the approval to be given within six months," Abdulsalam M. Juwaied, vice president of the Iraqi Islamic Bank for Investment and Development, said.
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