IslamicFinance.de

Dubai Islamic Bank is exploring an entry into India as it seeks to benefit from the funding needs of one of the world’s fastest-growing economies. India presents huge opportunities as an emerging economy because of infrastructure development and growing trade with the Middle East, Chief Executive Officer Adnan Chilwan said. Indians make up nearly a quarter of the U.A.E.’s population, and India is its biggest trading partner, with combined exports and imports of $63.7 billion in 2014. The two countries plan to create a $75 billion fund to invest in Indian infrastructure, according to a joint statement at the end of Prime Minister Narendra Modi’s visit to the U.A.E. in August.