Bank of Khartoum government prepared Bank of Khartoum for privatization. The government then sold a 60 per cent share to Dubai Islamic Bank in 2005. The next year, Islamic Development Bank, Dubai Islamic Bank, Sharjah Islamic Bank and Abu Dhabi Islamic Bank founded Emirates and Sudan Bank in Khartoum as a fully Islamic bank. The year after, Bank of Khartoum announced that it was merging with Emirates and Sudan Bank. The merger took effect in 2008. Dubai Islamic's ownership will drop to 28 percent of the merged bank. The Sudanese government will own 10 percent of the bank, while Abu Dhabi Islamic Bank
Khartoum recently as the 13th-17th centuries A.D. Captain J.A. Grant, who reached Khartoum in 1863 with Captain Speke's expedition, thought the name was most probably from the Arabic "qurtum" ( ', i.e., "Carthamus tinctorius"), which was cultivated extensively in Egypt for its oil to be used as fuel. Some scholars speculate that the word derives from the Nubian word, "Agartum" ("the abode of Atum"), the Nubian and Egyptian god of creation. Other Beja scholars suggest "Khartoum" is derived from the Beja word, "Hartoom" ("meeting"). Additionally, the dream-interpreting magicians in Genesis 41:8 are referred to as חַרְטֻמֵּ֥י מצרים("Khartoumei Mitzrayim" - Magicians of