Gatehouse Bank plc (the “Bank”), the London-based Shariah-compliant investment bank, is pleased to announce it has purchased the leasehold interest in the Marriott Residence Inn (“Residence Inn”), Manhattan, New York for an undisclosed amount. The Bank has acquired the property in partnership with a well-experienced US-based hotel operator. The Residence Inn is a 17-storey, recently redeveloped building located on 48th Street, a highly sought-after area in Mid-town East, Manhattan. The property features 211 spacious guest rooms that are considerably larger than the average Manhattan hotel room. The property has multiple room configurations including studios, suites and a penthouse to accommo
On 16th July, Gatehouse Bank Kuala Lumpur hosted Majlis Berbuka Puasa to celebrate the Muslim Holy Month of Ramadan. Acting British High Commissioner, Ray Kyles, and Richard G Thomas OBE, Senior Adviser to the Board of Gatehouse Bank and Chief Representative of Gatehouse Bank Malaysia, together welcomed friends and distinguished guests. The gathering joined to break fast and listen to a specially prepared address by Prof. Datuk Dr. Syed Othman Alhabshi, Chief Academic Officer of the International Centre for Education in Islamic Finance (INCIEF), a global university offering academic and professional qualifications in Islamic finance. During the welcome address, Mr. Thomas made special refere
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