Abu Dhabi to launch Al Hilal Bank

by Daniel Stanton Wednesday, 01 August 2007

HH Sheikh Khalifa bin Zayed Al Nahyan, Ruler of Abu Dhabi and President of the UAE, has issued a decree establishing Al Hilal Islamic Bank, which will have an authorised capital of AED4 billion.

Related Stories

This would give it a larger capital base than Al Noor Islamic Bank, which is due to launch in Dubai this year.
The new bank will cater to project finance requirements. Abu Dhabi Investment Council will be sole owner of Al Hilal and Eisa Mohammed Al Suwaidi will be chairman of the board.

A statement read: "Al Hilal will provide all modern banking services, including financing commercial, industrial, tourism-related and real estate activities, with a special focus on the private sector."



Search Property (2941 listed)



Enter a Development, City, Real Estate Agent or Developer name
Property Type
Added to Site
Price Range
to
Bedrooms
Area (in sqft)
to
to

Quick Links(Residental)