Ithmaar Bank issues investor update on Shamil Bosphorus Modaraba
MANAMA, BAHRAIN – 28 June 2014 – Ithmaar Bank, a Bahrain-based Islamic retail bank, has issued an investor report on its Shamil Bosphorus Modaraba (SBM), indicating the fund will not achieve its investment objectives and stating that there is also a low probability that investors will have their entire capital returned. As Modareb, the Bank will be contacting investors to discuss the investor report and to explain available options.