Tunisia's El Wifack Leasing plans to become the country's third full-fledged Islamic bank by August and will receive a capital injection from the private sector arm of the Islamic Development Bank , a senior executive told Reuters.
El Wifack, rated BBB- by Fitch Ratings, will complete the conversion process through a partnership and technical assistance agreement signed on Monday with the Islamic Corporation for the Development of the Private Sector (ICD).
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