Islamic bank to open in Kenya
Several GCC-area Islamic banks are partners in a new Islamic bank set to open in Kenya. The firms involved are Bank Muscat International (BMI), Istithmar and the International Finance Corp. The bank has not been named yet.
Dubai Islamic Bank Pakistan
The Pakistani branch of the Dubai Islamic Bank has provided Rs. 5.5 billion ($90.6 million) in home financing. The announcement of the creation of Dubai Islamic Bank Pakistan Ltd. came in March 2005.