HSBC Bank

Dubai sovereign wealth fund ICD agrees US$2.8 billion loan

Dubai's ICD sovereign wealth fund has launched its largest loan since its financial crisis, containing a US$2.8 billion, five-year loan refinancing.
The leaders of an Islamic tranche will be: Dubai Islamic Bank and Standard Chartered, while Citigroup, Emirates Bank and HSBC Bank have been appointed to co-ordinate a conventional tranche.

Appointment of Chief Executive Officer and Shariah Committee of the IILM

International Islamic Financial Market wishes to announce the appointment of Mr. Mahmoud AbuShamma as its first Chief Executive Officer (CEO) for a three-year tenure effective 1 February 2011.
Mr. Mahmoud will lead a team of Islamic finance experts and professionals to operationalise the IILM's Mr. Mahmoud has served as the Global Head of HSBC Amanah Coverage at HSBC Bank Middle East Limited, Dubai in charge of critical HSBC Amanah relationships globally, including Governments, high networth individuals and top corporate clients.

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