European Islamic Investment BankPLC
02 October 2006


2 October 2006


                 EIIB announces first joint lead arranging role


European Islamic Investment Bank plc ("EIIB") today announced that it has
completed its first joint lead arranging role since opening for business on 3
April.


EIIB acted as joint lead arranger with HSBC Amanah for a $40 million Murabaha
Financing Facility to Vestel Dayanikli Tuketim Mallari Pazarlama A.S.
("Vestel"). EIIB and HSBC Amanah provided $20 million each.


Vestel is a major Turkish consumer electronics company and the leading exporter
in Turkey - it exported $2.2 billion worth of goods last year. Vestel plans to
exceed this in 2006 with a 15% targeted increase. The Murabaha Financing
Facility will help support this growth strategy.


John Weguelin, Managing Director, said:


"We are delighted to announce this transaction in which we acted as joint-lead.
This is an important milestone for us and builds upon the momentum established
by our recent primary and secondary market endeavours in various Islamic
Structured Trade Finance and Sukuk transactions."

Ends



For further information:


EIIB plc Tel: +44 (0)20 7847 9900

John Weguelin, Managing Director


Fishburn Hedges Tel: +44 (0)20 7839 4321

Mark Tierney


Notes to editors:


EIIB was incorporated in January 2005 and received its authorisation by the FSA
on 9 March 2006. On 3 April, it opened for business, and on 17 May completed its
IPO and was admitted to London's AIM market.


Headquartered in London, EIIB's range of products and services will include the
following Sharia'a compliant investment banking activities:


- Islamic Treasury and Capital Markets

- Asset Management, including Private Banking

- Trade Finance and Correspondent Banking

- Advisory and Corporate Finance.


EIIB seeks to service a market for Sharia'a compliant investment banking
services in Europe, the Middle East and Asia that it believes has been
under-exploited by conventional and Islamic banks, and by non-banking
institutions. EIIB intends to become a major participant in the market for
Islamic securities, treasury and investment products, which is currently
experiencing rapid growth.


The founding shareholders of EIIB include Gulf based individuals and
institutions, including a number of Islamic banks, as well as individuals and
companies based in Europe.






                      This information is provided by RNS
            The company news service from the London Stock Exchange

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