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AL MAL BANK LLC ("Al Mal")

 

DOHA, 7 March 2010

 

Following an investigation into the activities of Al Mal, an authorised firm in the Qatar Financial Centre ("QFC"), the QFC Regulatory Authority has taken the decision to withdraw the authorisation of Al Mal.

 

Al Mal was authorised on 3 December 2008 as an Islamic Financial Institution to conduct Islamic Financial Business.

 

The QFC Regulatory Authority's Public Register has been duly amended.

 

 

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