Islamic Finance: First energy bank is born

Islamic Finance: First energy bank is born

 windturbine

Central Bank of Bahrain grants license to bank devoted entirely to the energy sector.

First Energy Bank (FEB), which claims to be the world’s first investment bank focused exclusively on the energy sector, has received a wholesale banking license from Central Bank of Bahrain.

At its first shareholders meeting, held at the end of June, the bank appointed its Sharia Supervisory Board, KPMG as external auditor and its initial board of directors.

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