Mg at 10:06, 11 June 2014

2014-06-11T10:06:39Z

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Islamic Bank International of Denmark was the first European Islamic bank incorporated in 1982.[1] The bank aimed to focus on Danish corporates. It was later acquired by Geneva based [[Dar al-Maal al-Islami]] ([[DMI]]) through its at the time wholly owned subsidiary Faisal Holdings Luxembourg. The acquisition was finalised on 19.11.1990 at reportedly USD 7.5 million.[3] The bank changed its name to Faisal Bank and was later closed [4]. Its assets were estimated at USD 98 mn at the end of 1992. [5]

==References==

* [1] [http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=83478795 Islamic Bank International of Denmark - Businessweek]
* [2] [http://news.google.com/newspapers?nid=1345&dat=19830419&id=CsUSAAAAIBAJ&sjid=dPkDAAAAIBAJ&pg=5230,480691 Danes launch Islamic bank]
* [3] [http://www.highbeam.com/doc/1G1-9227484.html Dar al-Maal buys Danish Islamic bank. MEED, 7th December 1990, highbeam database]
* [4] [http://openarchive.cbs.dk/bitstream/handle/10398/6590/wp2.pdf?sequence=1 Engwall et al, Foreign bank penetration in Denmark]
* [5] [http://books.google.de/books?id=51Bb8Ix7xw8C&pg=PA65&dq=islamic+bank+international+of+denmark+its+assets+were+estimated+at&hl=de&sa=X&ei=ZRuYU7H4OofI0AXFrYHoAg&ved=0CBQQ6AEwAA#v=onepage&q=islamic%20bank%20international%20of%20denmark%20its%20assets%20were%20estimated%20at&f=false The House of Saud in Commerce - Sharaf Sabri]
* [http://books.google.de/books?id=cA6_AAAAIAAJ&hl=de&source=gbs_navlinks_s Eric Trolle Schultz, CEO, "How the first Islamic Bank was Established in Europe?", in Islamic banking and finance, 1986, Butterworths, ISBN 0406100349, 9780406100344]

Islamic Bank International - Revision history

Mg at 10:06, 11 June 2014