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Arabian investors create Islamic Bank
13:14 21.04.2009
text: "Kazakhstan Today" views: [158] Related articlesCooperation Council for the Arab States of the Gulf signed agreement on uniform currency USA to allocate $1 billion to create vaccine against virus A (H1N1) АSЕАN and number of Asian countries founded reserve fund in volume of $120 billion Eurasian Bank ready to begin negotiations on purchase of BTA shares Almaty. April 21. Kazakhstan Today - The group of investors of the states of the Persian Gulf plans to create the new Islamic Bank with the capital of $10 billion. The Chairman of the Union of the Arab Banks, Adnan Ahmed Yousuf, informed at the conference in Dubai, the agency reports citing RBC.
According to RBC, the process of creation of the bank is on closing stage. It is planned to be opened in the end of 2009.
According to the representative of A. Yousuf, the founders of the bank have already attracted $3.5 billion from private and semi state investors.
The adviser on creation of the bank is the international audit-consulting company Ernst & Young.
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