Islamic Bank takeover on verge of collapse as fresh suitor emerges
15th October 2012
THE proposed takeover of the Birmingham-based Islamic Bank of Britain by its major shareholder, Qatar International Islamic Bank, is on the verge of collapse after the two sides failed to reach an agreement on the deal.However, fellow Islamic bank now Masraf Al Rayan (MAR) has re-emerged as a possible suitor for the Birmingham operation after expressing interest earlier in the year.The QIIB acquisition had expected to be implemented by means of a court-sanctioned scheme and under the terms of the arrangement shareholders would hav......for the full story register now for free or login below...
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