The various structures used by KFH Group in arranging Sukuk, Ijara, Wakala or others, have made Sukuk highly competitive against conventional finance instruments.
The types of penalties may not be new, but the logic is, and European diplomats said this week that they hope the sanctions will send a chilling effect through a business community that the Syrian government is now relying on to redevelop the country.
Bahrain was expected to receive $2 billion late last year, officials told Reuters in October, as part of a $10 billion aid package that Saudi Arabia, Kuwait and the United Arab Emirates pledged to avoid the risk of a debt crisis in the island kingdom.
The international bank called on the Egyptian government “to allow private investments in infrastructure and to invest in education, health care, and social protection sectors.”
Currently, DIB has presence across all Emirates in the UAE with growing international operations in South Asia, Far East, Middle East, Europe and Africa.
The agreement was signed by Ahmed Khalifa Alfalasi, CEO of Corporate Services and Investments, Dubai Tourism and Rashed Ali Al Ansari, general manager of Al Ansari Exchange.