LONDON: If Dr.
The growth of Islamic banking has suddenly taken off in the past two to three years after the lull in the 1990s.
A move to convert the Middle East Bank (MEB) to an Islamic bank looks likely to win the support of the board of the Emirates Bank Group (EBG).
Bank of Bahrain and Kuwait (BBK) is planning to revive the erstwhile Al Khaleej Islamic Investment Bank, which was a joint venture with The International Investor (TII).
Dubai Islamic Bank (DIB) yesterday linked up with Tufton Oceanic Finance to create a route for Muslims to invest in Gulf and global shipping.
National Bank of Sharjah (NBS) is the first bank in the UAE to launch an Islamic credit card in association with Visa International.
This paper was presented in a workshop jointly organised by Cranfield University, School of Management, The Enterprise Development Centre, England and The Arab Foundation For Enterprise Development, Cairo, July 10-13, 1995.