£100m capital for Dar UK bank
"Initially, the capital could be between £50 and £100m," Chairman Adnan Al Musallam said on the sidelines of an economic conference. He declined to say when Dar Capital would be launched in Britain, saying only a study to evaluate the project would be finished by year-end.
Britain has taken steps to attract the world's booming Islamic finance industry – estimated to be worth $1 trillion (Dh3.67trn) in assets by 2010 – including new legislation to make Islamic transactions easier and also plans to issue a sovereign Islamic bond. (Reuters)