Islamic Development Bank, the Jeddah-based multilateral lender, said the Mega Islamic Bank will have an initial paid-up capital of $1 billion (Dh3.6 billion).
Mega Islamic Bank shall provide "liquidity management solutions in an effort to create an Islamic interbank market," Islamic Development Bank said in a statement.
The bank will also originate and finance large projects across Muslim countries, IDB said.
No comments:
Post a Comment