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| Company type | Subsidiary |
|---|---|
| Industry | Banking |
| Founded | 7 May 2007 |
| Defunct | 15 September 2015 |
| Headquarters | Singapore |
Key people | Abdulla Hasan Saif, Chairman Vince Cook, CEO |
| Products | Financial services, Islamic banking |
| Parent | DBS Bank |
| Website | www.islamicbankasia.com |
The Islamic Bank of Asia (IB Asia) was launched by DBS Bank on 7 May 2007 after receiving official approval from the Monetary Authority of Singapore for a full bank licence. IB Asia's founding shareholders include majority stakeholder DBS and 34 Middle Eastern investors from prominent families and industrial groups from Gulf Cooperation Council (GCC) countries.[1][2]
- ^ "DBS Bank and prominent Middle Eastern investors launch The Islamic Bank of Asia". DBS. 7 May 2007. Archived from the original on 5 March 2008. Retrieved 24 September 2019.
- ^ "DBS invests $380m in 'S'pore's first Islamic bank". The Straits Times (retrieved from NLB). 8 May 2007. Retrieved 6 August 2019.