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Nov 20 2011

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Capinnova Investment Bank confirms participation at the world's largest annual gathering of Islamic finance leaders

This event is held in strategic partnership with the Central Bank of Bahrain . WIBC 2011 will see more than 1,200 industry players, key regulators, and thought leaders from over 50 countries engage in critical discussions that will provide an enabling platform to build the scale, co-operation and capability necessary to guide the Islamic finance industry on its journey to sustainable growth. The three day event, held under the theme "Competing for Global Growth" will set the stage for discussions that will seek to boost the scale of Islamic finance activities across international markets.

Announcing their participation at the event, Jamal Hijres, Chief Executive Officer of Capinnova Investment Bank said that, "We are proud to be associated with the 18th Annual World Islamic Banking Conference in Bahrain as its Gold Strategic Partner. The country remains a popular destination for foreign investors on account of its established regulatory practices, transparency and adherence to international standards. We strongly believe that Bahrain will continue to see strong growth in its financial sector."

He also said that the "regional economies have helped to raise the level of competition but Bahrain is still at the forefront and aptly retains its title as one of the largest financial centres in the region. There are several opportunities to be tapped within the country to secure good returns and long-term sustainability. We will continue to support such industry events where large groups of Islamic banking experts gather to propel the industry forward."

Capinnova Investment Bank is a Shari'a compliant investment bank licensed by the Central Bank of Bahrain and is wholly owned by BBK . The bank is well capitalized with an authorized capital of US$500 million and a paid-up capital of [US$151.5] million. The Bank's core areas of business include private equity, asset management and corporate finance. Capinnova 's vision is to be a world class Islamic investment bank offering a range of high quality Shari'a compliant products and services to a diverse clientele including financial institutions, companies & establishments, high-net-worth-individuals and family businesses, regionally and globally.

-Ends-

About Capinnova Investment Bank :
Capinnova Investment Bank is a Shari'a compliant investment bank licensed by the Central Bank of Bahrain and is wholly owned by BBK . The bank is well capitalized with an authorized capital of US$500 million and a paid-up capital of [US$151.5] million. The Bank's core areas of business include private equity, asset management and corporate finance. Capinnova 's vision is to be a world class Islamic investment bank offering a range of high quality Shari'a compliant products and services to a diverse clientele including financial institutions, companies & establishments, high-net-worth-individuals and family businesses, regionally and globally. The Bank's mission is to become the Islamic investment bank of choice and a niche player, providing clients in the GCC and the MENA region with superior investment products aimed at building and sustaining shareholder value, whilst maintaining an optimal balance between risks and returns. www.capinnovabank.com.

For further information please contact:
Maroun Hannoush
Director, Head of Corporate Communications
Capinnova Investment Bank
Floor 38, West Tower, Bahrain Financial Harbour
P.O. Box 5507, Manama,
Kingdom of Bahrain
Tel. Off. : +973 17101010
Website: www.capinnovabank.com

Prem A. Ramachandran
Managing Director
White Water Public Relations
GSM:0097150-4537253
Email: prem@whitewaterpr.com
PO. Box 18936, Dubai, UAE
www.whitewaterpr.com

© Press Release 2011