SG: Deutsche Bank forms Sharia-compliant home financing firm

News

Deutsche Bank has launched Deutsch Gulf Finance, a JV, Sharia-compliant home financing company which is partly owned by DB Riyadh and a group of prominent Saudi investors, the Saudi Gazette reports.

The move follows other banks that have done the same, and fits into the high level of interest that Western outfits have with introducing Sharia-compliant financing and bonds