Tuesday 15, January 2013 by Robin Amlôt

SHUAA announces Islamic Window plan via Gulf Finance

SHUAA Capital announced today that its wholly-owned subsidiary, Gulf Finance Corporation, a boutique finance company focused on the SME sector, has engaged with the UAE Central Bank for a license to establish an Islamic Window for some of its financing activities. Gulf Finance plans to submit the necessary applications in the first quarter of 2013 with a view to being market-ready in the spring of 2013, subject to regulatory approvals.

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