DIFC Clarifies Its Position Regarding 'Rashed Investment Bank'

Dubai - Monday 4 August 2008: DIFC today clarified its position on news reports that have recently appeared regarding 'Rashed Investment Bank' an Islamic investment bank proposed to be set up in Dubai. While DIFC welcomes initiatives within the Islamic Finance industry, DIFC clarifies that it is not a member of the founding consortium of 'Rashed Investment Bank' and does not have a financial stake in the venture.