Global Islamic Economy

A pioneering spirit

So much remains to be done in Europe when it comes to Islamic banking and financial services. A private Islamic bank would act as the first building block of the ecosystem. From there, Islamic asset and fund management would be able to reach new standards. We certainly hope the story will not end […]

The Jordan Times

Gulf investors to launch first Islamic bank in eurozone in 2014

According to an announcement released on the second day of the Global Islamic Economy Summit (GIES) 2013, which concluded in Dubai on Tuesday, a consortium grouping members of royal families, “elite” businessmen besides a “reputable” bank in the Gulf Cooperation Council (GCC) has concluded an […]

PAPERJAM

Banque islamique: une première, pas la dernière

La première banque islamique de la zone euro bientôt installée à Luxembourg? L’affaire se confirme et, en tout cas, le dossier avance. On sait qu’Eurisbank – le nom de l’institution qui trouve sa source dans les Émirats, avec Eur pour Europe et Is pour Islamic… – projette, selon une […]

CFI.co 2013/2014 Award – Capital Finance International

Best Islamic Corporate Finance Boutique, Europe Award

Excellencia Investment Management, Luxembourg, is CFI.co’s promising newcomer to the market. The Judging Panel feels that they make have discovered a rising star as Excellencia is commencing operations as an Islamic bank in 2014.

REUTERS

Gulf investors plan first euro zone Islamic bank in Luxembourg

Gulf investors plan first euro zone Islamic bank in Luxembourg
Private investors from Gulf Arab countries, including a royal family from the United Arab Emirates, plan to establish the first full-fledged Islamic bank headquartered in the euro zone, an executive said on Tuesday.

Arabian BUSINESS

Gulf investors plan to set up Islamic bank in Europe

The investors aim to launch the venture, named Eurisbank, in Luxembourg during the last quarter of 2014, said Ammar Dabbour, managing partner at Excellencia Investment Management.

The Wall Street Journal

Gulf Investors Plan Euro-Zone’s First Islamic Bank

Here’s a bold banking initiative emanating from the Gulf: a group comprising of regional businessmen, a local lender and royal families are in the initial stages of setting up what they claim will be the euro-zone’s first Islamic bank that will compete for Muslim customers in Europe.

ASHARQ AL-AWSAT

Gulf investors plan first euro zone Islamic bank in Luxembourg

The investors aim to launch the venture, named Eurisbank, in Luxembourg during the last quarter of 2014, said Ammar Dabbour, managing partner at Excellencia Investment Management

CPI Financial

Eurisbank set to be first Islamic bank in Eurozone

A consortium comprising a bank, royal families, and a group of businessmen in the GCC, announced an agreement to setup the first Islamic bank in the Eurozone.
This announcement was made public during the Global Islamic Economy Summit 2013 held in Dubai on the 25 – 26 November.

Dubai PR Network

Eurisbank set to be the first Islamic Bank in the Eurozone

Eurisbank will establish its operation in line with Luxembourg’s aim to become the first Islamic Banking Capital in the Eurozone, delivering a spectrum of world class financial services in Retail, Corporate, and Private Banking. Deloitte and Excellencia Investment Management have been assigned to conduct all […]