Bahrain’s Arab Banking Corporation to push Islamic finance in Europe

Bahrain’s Arab Banking Corporation to push Islamic finance in Europe

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Bahrain-based bank ABC said it will start to market Islamic financing products to European clients left hamstrung by the sustained gridlock in the credit markets.

The firm has until now only actively marketed mainstream products to clients of ABC International Bank Plc, the London-headquartered European division of Arab Banking Corporation.

"We are aiming to target the wholesale market, especially companies in Europe that are interested in seeking Islamic finance solutions, for example sukuk, leasing, and general corporate facilities," said Faisal Alshowaikh, the newly- appointed head of Islamic financial services at ABC International.

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