EIIB makes a splash in sharia banking
Major investment banks are building their sharia business lines. And now London's sharia-dedicated European Islamic Investment Bank hopes to raise its profile as an innovative creator of sharia-compliant structured products
As the big international investment banks rush to soak up rapidly expanding demand for investment products that comply with Islamic law, an as yet little-known British start-up is looking to get in on the action. London-based European Islamic Investment Bank (EIIB) was set up at the start of 2005 to be the first independent, sharia-compliant investment bank to be authorised and regulated by the UK's Financial Services Authority (FSA). The bank received that authorisation in March of this year
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