Emirates Islamic Bank (EIB) launched a strategic tie-up with Gulf Finance House Commercial Bank (GFHCB), Amlak Finance and Islamic Corporation for the Development of the Private Sector (ICD) to start Musharaka financing for the construction of the Royal University for Women (RUW) campus, Bahrain’s first-ever private university for women.
According to the <i>Bahrain Tribune</i>, the Musharaka finance is arranged by EIB, a provider of Islamic banking services in the UAE, and sourced by GFHCB, a wholly-owned on-shore commercial banking subsidiary of Gulf Finance House – a founding member of RUW. The tie-up, finalized at a special signing ceremony in the GFH office in Bahrain, was attended by top officials of EIB, RUW, GFHCB, ICD and Amlak.
