Shariah financial products

From WikiCover

On June 25, 2007, the Shariah consulting and product design team of Dar Al Istithmar (a subsidiary of Deutsche Bank) announced today that it has been absorbed by the BMB Group to create BMB Islamic, a full service, Islamic-focused product design and placement institution.

The BMB Group, whose holding company is an offshore company in Brunei, is an Islamic asset management and financial advisory firm with growing operations in the GCC, Europe, and Asia.

The team's significant move from Dar Al Istithmar will strengthen BMB's leadership in innovative Islamic financial technology and create what many believe will be the world's leading product design team capable of working with market-leading western and Islamic financial institutions.

Led by internationally renowned Islamic economist Dr. Humayon Dar, the team is noted for its combination of distinguished Shariah product engineers and the most respected Shariah Supervisory Committee in the industry. Under Dr. Dar's leadership, the team has advised several international governmental and private organizations on Shariah banking and finance. The team has also provided extensive training and support for the senior management of several Islamic Banks. It is estimated that the team advised in the set up of over $20 billion in product volume.

Website: http://www.bmbcapital.com/