http://business.maktoob.com/bankingnew.asp?id=20070227050220&Pass=1
Al Salam Bank expands Sharia' – compliant services [Tuesday, February 27, 2007 2:02:00 pm] Al Salam Bank has announced that it has participated in the incorporation of the Aman Bahrain Insurance Company. The move comes as part of the Bank’s diversified investment strategy. Al Salam Bank Bahrain has subscribed to a minority share of 20%. Approval of the Central Bank of Bahrain (CBB) has been obtained and the Sharia' -compliant insurance company will operate with a capital of BD 7.5 million (US$ 20 million). Commenting on the announcement, the Bank's Vice Chairman and Managing Director, Hussain M. Al-Meeza said, "Al-Salam Bank's participation in Aman Bahrain is a further step forward within the Bank's vision. The Bank will provide Islamic Takaful services through this company. Takaful is a promising area in the insurance industry, with a shortage in the number of companies providing this service." The Bank's Chief Executive Officer, Yousif Taqi, explained, "The Bank's investment in this Islamic insurance company is highly complementary to the portfolio of Islamic services the Bank offers clients. We are constantly endeavouring to diversify our offerings and services, and this is one in a series of innovative integrated Islamic financial services that our clients can expect to see coming out of the Bank." Other major shareholders of Aman Bahrain include Al Salam Bank Sudan, Dubai Islamic Insurance and Reinsurance Company (Aman), and several other companies and businessmen. +++ ------------------------ Yahoo! Groups Sponsor --------------------~--> Great things are happening at Yahoo! Groups. See the new email design. http://us.click.yahoo.com/lOt0.A/hOaOAA/yQLSAA/TySplB/TM --------------------------------------------------------------------~-> -------------------------- Want to discuss this topic? Head on over to our discussion list, [EMAIL PROTECTED] -------------------------- Brooks Isoldi, editor [EMAIL PROTECTED] http://www.intellnet.org Post message: osint@yahoogroups.com Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] *** FAIR USE NOTICE. This message contains copyrighted material whose use has not been specifically authorized by the copyright owner. OSINT, as a part of The Intelligence Network, is making it available without profit to OSINT YahooGroups members who have expressed a prior interest in receiving the included information in their efforts to advance the understanding of intelligence and law enforcement organizations, their activities, methods, techniques, human rights, civil liberties, social justice and other intelligence related issues, for non-profit research and educational purposes only. We believe that this constitutes a 'fair use' of the copyrighted material as provided for in section 107 of the U.S. Copyright Law. If you wish to use this copyrighted material for purposes of your own that go beyond 'fair use,' you must obtain permission from the copyright owner. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/osint/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/osint/join (Yahoo! ID required) <*> To change settings via email: mailto:[EMAIL PROTECTED] mailto:[EMAIL PROTECTED] <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
