Business Blog

Goldman Sachs is reviving plans to raise at least USD 500 million with its first issue of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money.

Goldman Sachs is reviving plans to raise at least USD 500 million with its first issue of Islamic bonds, a sign that Islamic finance is going mainstream as big conventional banks seek to tap Middle Eastern money.

Turkey's bank watchdog has taken sweeping powers at Islamic lender Bank Asya ASYAB.IS , which has seen depositors flee and bad loans soar since it became caught up in a political power struggle, a source at the watchdog said on Thursday.

Turkey's bank watchdog has taken sweeping powers at Islamic lender Bank Asya ASYAB.IS , which has seen depositors flee and bad loans soar since it became caught up in a political power struggle, a source at the watchdog said on Thursday.

Turkey's bank watchdog has taken sweeping powers at Islamic lender Bank Asya ASYAB.IS , which has seen depositors flee and bad loans soar since it became caught up in a political power struggle, a source at the watchdog said on Thursday.

Malaysia's Malayan Banking Bhd, the country's largest bank by assets, said on Thursday it planned to raise up to USD 5 billion via euro-commercial paper notes.