Dubai Bank confirmed its acquisition of an 18.75% strategic stake in BankIslami Pakistan Limited, which is the first new bank to have received a license from the State Bank of Pakistan after the latter decided to grant commercial banking licenses for Islamic banks in 2003. Dubai Bank will join the DCD Group and Jahangir Siddiqui and Company as founding shareholders and together will collectively control a majority of the Bank. This partnership creates a strategic alliance with the DCD Group,....