Friday, October 20, 2006

Islamic financial companies work together

"Firms sign pact to provide Islamic finance services", Gulf Daily News (Bahrain), October 20, 2006

The Emirates Islamic Bank and Albaraka Banking Group signed a memorandum of understanding to work together to increase the awareness and availability of Islamic financial products. The two banks will exchange deposits in different currencies, organize investment of surplus liquidity, and clearing funds.

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