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Addax Bank structured and placed an AED 1 billion deal to establish this new Islamic finance company, which will be based in Abu Dhabi. Significantly, Siraj is one of very few such institutions to be licensed by the Central Bank of the UAE. The founding shareholders comprise prominent financial institutions, companies and businessmen from across the GCC. Siraj will offer a comprehensive range of Sharia-compliant products and services, including consumer & mortgage finance, investments, and asset management.