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Home :: FDI Alerts :: Kuwait Turkish Participation Bank (Dubai) Limited Joins the DIFC
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O: Origin, D: Destination, S: Sector

Kuwait Turkish Participation Bank (Dubai) Limited Joins the DIFC

December 28, 2009
O: Turkey - D: United Arab Emirates (UAE) - S: Banking

  • Kuwait Turkish Participation Bank (Dubai) Limited has received a licence from the Dubai Financial Services Authority (DFSA) to provide a full range of Islamic finance banking services out of the Dubai International Financial Centre
    Dubai International Financial Centre (DIFC)
  • Kuwait Turkish Participation Bank (Dubai) is the first Islamic Finance institution to receive a licence that allows it to provide a comprehensive range of banking services from the financial district. The new company is 100% owned by Istanbul-based Kuwait Turkish Participation Bank, one of Turkey's first interest-free banks. The company's office in DIFC will be managed by Rahim Albayrak, Senior Executive Officer.

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