Showing posts with label community banks. Show all posts
Showing posts with label community banks. Show all posts

Friday, April 06, 2007

New firms in the DIFC and QFC and and profile of an American community bank with Islamic financing

Oasis Crescent Capital Partners, the DIFC-based subsidiary of the South African company Oasis Group Holdings, will launch Shari'ah-compliant funds. The funds on which they will focus are fixed income (investing in sukuk) and real estate funds.

Al Rayan Investment, a subsidiary of Masraf Al Rayan, received a license to operate at the Qatar Financial Centre (QFC). It is the first Islamic financial institution to receive a license for the QFC.

An article on community banking in the U.S. describes Islamic banking products available from Devon Bank in Chicago, Illinois.