Bahrain Islamic Investment Co (BIIC), which is restructuring the management and operation, is developing wider services besides its existing consumer finance products, The Gulf News reported Thursday.
Chairman Abdul-Latiff Janahi was quoted by the daily as saying that the BIIC plans to introduce services like Ijara, direct investment, asset management, health care, education financing and financial consulting.
He said the new developments will commence by June, with a new location which will include, in addition to the company's principal office, a showroom for cars and another for electrical as well as electronic households appliances and other goods that are of interest to consumers.
He added that the new strategy to enhance the image of the company comes after Gulf Finance House (Bahrain) and Gulf Investment House (Kuwait), acquired controlling stake in the company – Albawaba.com
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