Home :: FDI Alerts :: Kuwait Turkish Participation Bank (Dubai) Limited Joins the DIFC
FDI Alerts
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.