IslamicFinance.de

European Islamic Investment Bank (EIIB) is an Islamic finance institution which operates in accordance with Sharia’a law, and bridges the gap between the financial markets of the West/OECD & the Middle East & North Africa (MENA) region. EIIB evolved into an investment company which invests in bonds/loans on a relatively un-leveraged basis and a mixed bag of private equity (PE) investments. A strategic review was also completed, which confirmed EIIB’s new focus on building recurring revenue streams, primarily within the Asset Management business. With further head-count reductions & cost control to come, plus geographical & functional integration savings to be captured, EIIB's losses will be eliminated in due course.