London Islamic bank targets Middle East expansion (AME )
The UK's largest standalone Shari'ah-compliant, Bank of London and the Middle East (BLME) is targeting the thousands of rich Gulf residents who have ties to the UK to boost its corporate and private banking business. The bank is currently awaiting regulatory approval to start operations in the Gulf, initially with a representative office this year, and a branch or subsidiary in the longer term, CEO Humphrey Percy told the news service. "The premise on which we set up BLME, which was to send skills and products and services and human capital in both directions, between London and the Middle East ... is just as valid now as in 2006," said Percy.
First ever US Islamic Banking Subsidiary
Tags: islamic banking products, islamic banking products and services, islamic banking products egypt, islamic banking products in malaysia, islamic banking products in pakistan, islamic banking products in singapore, islamic banking products in uk, islamic banking products ppt, islamic banking products uae, islamic banking products.pdf