Shariah Product Team Absorbed By The BMB Group

The award-winning Shariah consulting and product design team of Dar Al
Istithmar (a majority- held subsidiary of Deutsche Bank) announced
today that it has been absorbed by the BMB Group to create BMB Islamic,
a full service, Islamic-focused product design and placement
institution.

The BMB Group, whose holding company is an offshore company in Brunei, is
an Islamic asset management and financial advisory firm (a broad-based,
commercial multi-family office with asset management, oil and gas and
financial advisory capabilities) with growing operations in the GCC,
Europe and Asia.

Through its aggressive multiple investment strategies, BMB has established a
significant local presence in the GCC and ASEAN in the last eighteen
months and is rapidly expanding into the wider OIC sphere. Through its
unique investment platform, BMB is currently engaged in a $5 billion
deployment across the alternative asset spectrum and is exploiting
diverse investment opportunities through its core businesses of asset
management, hydrocarbons and real estate, developing strategic
relationships throughout the Islamic world.

Via PR Newswire. Although Hedgeworld has an article denying that from Deusche Bank.