The Bank of London and the Middle East, which opens in London today, will bring “choice and depth” to London’s fast-growing Islamic financial services sector, according to chief executive Humphrey Percy.
London-based BLME is only the second independent, wholesale Islamic bank to be authorised by the UK’s Financial Services Authority. “Our proposition is strong. We’re well-capitalised, have a good team and strong institutional backers,” Mr Percy said.
The bank, which is 20 per cent owned by Kuwait’s Boubyan Bank, has raised £175m to date.
“We intend to pursue a listing on Aim in the next 18 months to raise a further £75m, although it will be at least a year before we come to market,” he added.
There are two other independent Islamic banks operating in the UK: the Aim-listed European Islamic Investment Bank; and the retail-focused Islamic Bank of Britain.
Via Financial Times.
- Log in to post comments
Comments
Joe (not verified)
Islamic Real Estate Investment World Summit October 2008
Tue, 2008/06/24 - 11:11Dear Viewers,
Greetings!
This is in regards to the Islamic Real Estate Investment World Summit taking place at Four Seasons Hotel in Riyadh, Kingdom of Saudi Arabia on 19th and 20th October 2008.
Our Islamic Real Estate World Summit brings together some of the real estate industry's most influential decision makers and opinion leaders. The meeting will be a great opportunity for Property Developers, Investors, Financier's, Banks - Islamic & Conventional and construction companies to discuss current trends in the islamic real estate investment markets and the best ways to maximize growth and profitability.
We have Kingdom Holding , HSBC, Gulf Finance House, Goldman Sachs who wants to invest billions of $ in the Real Estate Industry, we also have Unicorn Investment Bank, Global Investment House, Allco Finance, Aberdeen Property Investors, ABP Investments, AXA Real Estate Investment, JP Morgan, Dexia Bank just to mention a few.
As discussed, The Council of Saudi Chambers of Commerce and Industry is the Official host of this event .
So any one interested to attend this event or to know more information please respond to this email ganeshb@naseba.com