IIB underwrote US$ 17 million in 2005 as a strategic investor in a US$ 205 million private placement for an Islamic investment bank that was being established in the UK. This investment was placed successfully with a number of IIB’s investors in the GCC. European Islamic Investment Bank launched an IPO during the first half of 2006 and is listed on the UK’s Alternative Investment Market (”AIM”).

It is the first dedicated Islamic investment bank to be granted authorization by the UK’s Financial Services Authority.