New Shariah Law Investment Bank Launches in the UK

Gatehouse Bank, set to provide Islamic Shariah-compliant financial services, has been authorised by the Financial Services Authority to operate as a wholesale investment bank, allowing it to take deposits within the United Kingdom regulatory environment.

It will undertake all of its activities in accordance with Shariah and will focus on business opportunities throughout the Gulf region, Europe and North America, as well as targeted countries in the emerging markets and South-East Asia. Gatehouse is a subsidiary of one of the leading investment companies in Kuwait, The Securities House KSCC…

Read more : Financedaily 22/04/2008

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