May 2009 Abu Dhabi Commercial Bank (ADCB) Abu Dhabi Commercial Bank (ADCB) plans to launch an Islamic finance company with a capital of Dh200 million soon, a bank executive said. "The Islamic banking unit in ADCB ADCB is getting ready to open the Abu Dhabi Commercial Islamic Finance Company soon," said Mofadal Khamry, ADCB ADCB 's head of Islamic products. "Due to the large growth prospects of this sector, plans have been set to increase and develop Islamic banking operations during 2009," Khamry said. The Dh200mn paid up capital has already been fully paid by the founding partners, who, in addition to ADCB ADCB , are Abu Dhabi Commercial Properties and Al Dhabi Brokerage Services, both of which are fully-owned subsidiaries of the bank. By Staff Writer © Emirates Business 24/7 2009 omar 1.1:zy
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