Tuesday 17, February 2015 by http://cpifinancial.net/blog/author

Coming to Africa

Dubai Islamic Bank (DIB) received “in principle approval” from the Kenyan regulator in January 2015, Chief Executive Officer Adnan Chilwan said at a press event in Dubai. The bank still needs to get its final license and expects to be operational in Kenya by year-end. The new bank will operate under the name DIB Kenya, Chilwan said. DIB will hold 70 per cent of the bank, with 30 per cent owned by local partners.

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