CBB gives go-ahead for Al Fajr Investments.MANAMA: The Central Bank of Bahrain The Central Bank of Bahrain was established in 1973 as the Bahrain Monetary Agency, shortly after Bahrain gained its independence from the United Kingdom. As per Decree No. (CBB CBB Celebrity Big Brother CBB College van Beroep voor het Bedrijfsleven (Dutch) CBB Cattlemen's Beef Board CBB Coalition for Buzzards Bay CBB Could Be Better (visual effects) CBB Can't Be Bothered ) has granted a licence to Islamic investment advisory firm Al Fajr Investments. The firm, which is being established by a group of Bahraini and British investors, will initially provide Islamic Treasury (commodity Murabaha) brokerage services to institutions in the GCC GCC: see Gulf Cooperation Council. (compiler, programming) GCC - The GNU Compiler Collection, which currently contains front ends for C, C++, Objective-C, Fortran, Java, and Ada, as well as libraries for these languages (libstdc++, libgcj, etc). and wider Middle East and North Africa region, as well as South East Asia East Asia A region of Asia coextensive with the Far East. East Asian adj. & n. and the UK with a strategy to provide a more diversified commodity base, including metals, softs and oil. In the longer term, the firm plans to develop the commodity sector through fund investment and structured trade finance as well as the development of clean-tech (carbon) projects, both locally and internationally. "The CBB is delighted to add Al Fajr Investment Advisory to its growing community of Islamic financial support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services ," said licensing and policy director Ahmed Abdul Aziz Abdul Aziz is the name of:
It is among few firms, aimed at developing Sharia-compliant capital market products with clean-tech as the underlying asset, to be set up in Bahrain, he said. The firm's shareholders represent investors with strong links with GCC, London and European institutions and exchange traded markets and who recognise the need for providing a bridge for opportunities in developing the Islamic capital markets, including the rapidly growing sukuk sector, he said. Two major shareholders in Al Fajer are the owners of London-based Ashton Commodity Brokerage. Copyright [c] 2008 Gulf Daily News Provided by Syndigate.info an Albawaba.com company |
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