Thursday 15, October 2009 by
Islamic Development Bank plans $1 billion investment bank
The new bank is also aimed at facilitating the establishment of an inter-Islamic banking market in line with Shari'ah principles. “The initial capital of the bank is estimated at $1 billion,” said Dr. Ali, who addressed the new bank’s launch meeting, adding that the initial contributions to the bank's capital, so far, stood at $250 million.
