The planned mega Islamic bank will have its investment operations spread globally rather than restrict its activities to Muslim countries, the Saudi businessman behind the ambitious project said.
With more than $200 billion (Dh734 billion) of funds at its disposal, the as yet unnamed bank may find it easy to cast its net wide, believes Shaikh Saleh Kamel, president of Saudi Arabia's Dallah Albaraka Group, which will be one of the bank's founders.
"We will be all over the world. Economics has no one country or religion," Kamel told reporters on Monday. "We will invest where we can make profit."
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