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Olam International Ltd.

Islamic Bank of Asia aims to localise Tawarruq transactions

Wed, 2009-05-20 22:55 — IslamicFinance.de

The Islamic Bank of Asia, (IBA) a venture of Singapore’s DBS Group Holdings Ltd., aims to stop using London Metal Exchange transactions.The bank is in talks with Olam International Ltd. to use its trading in commodities such as rice, coffee, cotton and cocoa as the basis for financing.

Vincent Cook is CEO.

Source: 

http://pakobserver.net/200905/15/news/business05.asp

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