Biggest expansion programme of Daral-Ma-al al-Islami

During his six-day tour of West Africa, Prince Mohammad al-Faisal al-Saud instituted the biggest expansion of DMI (Dar Al-Maal Al-Islami) to date. Three branches opened in Guinea, and two others in Niger and Senegal. Each has a subsidiary bank and investment company. In its first year of operation, DMI made $7.9 million in profit, all from halal investments. Each subscriber received a return of 11.9%. The popularity of Islamic investment is a sign that Muslims are embracing Islamic principles in the post-colonial era. Prince Mohammad hopes to expand DMI to the eastern part of the Muslim world (especially Pakistan).