Capinnova Investment Bank, wholly owned by Bank of Bahrain and Kuwait (BBK) - entered the World of Islamic Finance in January 2009. Capinnova has an authorized capital of US$500 million and paid-up capital of US$125 million.
I would like to thank the Central Bank of Bahrain for granting us the license, BBK for supporting us and helping us put together a world class team to further strengthen the Islamic Banking industry - they are an integral part of our story.
Capinnova was launched with a vision to be a world class Islamic investment bank offering a range of high quality products and services to a diverse clientele, and we are determined to become the Islamic investment bank of choice and a niche player, providing clients in the GCC and MENA region with superior investment products aimed at building and sustaining shareholder value, whilst maintaining an optimal balance between risks and returns.
The bank will develop Shari'a-compliant investment products and services for financial institutions, high-net-worth-individuals and family owned businesses, regionally and globally. Our core areas of business will include private equity, asset management and corporate finance and we will provide several value added innovative financial services that will be an industry benchmark.
Central to the bank’s business philosophy is - forming of alliances - whether partnering with investors for mutual growth, or joining forces with other institutions to deliver financial solutions. Our Board of Directors and Executive Management are seasoned bankers with considerable wealth of local and global experience. Together with them we will aim to provide the market with differentiated investment offerings targeting top quartile returns on a consistent basis.
We are here to further grow the Islamic Finance industry in the Middle East and the world; we look forward working with you in the near future.