http://www.banking-business-review.com/article_news.asp?guid=BA47DFB3-1C0C-4
F4D-A90F-489988C74D8B
 


Dubai Islamic Bank establishes new subsidiary 

21st July 2008 
By Staff Writer

Dubai Islamic Bank has established a new subsidiary, Dar Al Sharia Legal and
Financial Consultancy, to offer Shariah-compliant legal and financial
consultancy services for Islamic financing and investment transactions at
the global level. 

 
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According to Hussain Hamed Hassan, chairman of Dar Al Sharia, the company
will offer Shariah-compliant advisory services including Shariah training,
accounting, auditing, documentation and rating activities.

Sohail Zubairi, CEO of Dar Al Sharia, said that the new financial
consultancy may expand to Pakistan and the UK to tap the growing demand for
Islamic finance services. He also revealed that the company has already
secured 11 clients including the Abu Dhabi Commercial Bank and First Gulf
Bank and has made plans to broaden its clientele.

Hussain Hamed Hassan said: "Dar Al Sharia will liaise with clients, lawyers,
bankers and investors on an end-to-end basis, from the initial concept
through to the completion of transaction structure and documentation, in a
fully Shariah-compliant manner." 



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