May 21 2009
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Capinnova supports the 'World Islamic Funds and Capital Markets conference'
Bank is one of the Gold Strategic Partners for the event
Manama, May 21st, 2009: ' Capinnova Investment Bank ' - the Shari'a compliant investment banking arm of Bank of Bahrain and Kuwait (BBK) has extended support to '5th Annual World Islamic Funds and Capital Markets Conference' in Bahrain. The bank is one of the Gold Strategic Partners for the event. Capinnova is licensed by the Central Bank of Bahrain; the bank is well capitalized and is wholly owned by BBK. Capinnova has an authorized capital of US$500 million and paid-up capital of US$125 million.
"We are proud to be associated with the 5th Annual World Islamic Funds and Capital Markets Conference in Bahrain. We are confident about the Islamic finance industry's future and we are one of the prime examples to support that confidence as our bank was launched in January 2009. We will continue to support such industry events where large group of Islamic Banking experts gather to propel the industry forward," said Capinnova Investment Bank 's Chief Executive Officer - Mr. Jamal Hijres.
Capinnova 's core areas of business include private equity, asset management and corporate finance and the bank hopes to close its first deals during the first half of the year. The bank develops Shari'a compliant investment products and services for financial institutions, corporate customers, high-net-worth-individuals, investors and family businesses, regionally and globally.
Capinnova will provide a variety of products, including murabaha, ijara, mudaraba, musharaka, al Salam and istitsna'a, restricted and unrestricted investment accounts, syndications and other structures used in conventional finance, which have been appropriately modified to comply with Shari'a principles.
Capinnova Investment Bank
Capinnova Investment Bank is the Shari'a compliant investment banking arm of its institutional shareholder - A wholesale Islamic investment bank licensed by the Central Bank of Bahrain, the bank is well capitalized and is wholly owned by Bank of Bahrain and Kuwait (BBK). Capinnova has an authorized capital of US$500 million and paid-up capital of US$125 million. The Bank's core areas of business include private equity, asset management and corporate finance and develops Shari'a compliant investment products and services for financial institutions, high-net-worth-individuals and family businesses, regionally and globally. Capinnova 's vision is to be a world class Islamic investment bank offering a range of high quality products and services to a diverse clientele. The Bank's mission is to become the Islamic investment bank of choice and a niche player, providing clients in the GCC and MENA region with superior investment products aimed at building and sustaining shareholder value, whilst maintaining an optimal balance between risks and returns.
For further information please contact:
Head of Corporate Communications
Floor 38, West Tower, Bahrain Financial Harbour
P.O. Box 5507, Manama, Kingdom of Bahrain
Tel. Off. : +973 17101010
Direct: +973 17101006
© Press Release 2009
© Copyright Zawya. All Rights Reserved.
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