Business Blog

DanaInfra Nasional Bhd, a company created by Malaysia's finance ministry to raise funds for the country's most extensive infrastructure project, said on Tuesday it has raised 100 million ringgit (USD 31.68 million) with Islamic bonds.

Egyptian Takaful Insurance Property's profits increased by 47.9% to become EGP25 million at the end of June 2014 in compared to EGP16.9 million at June-end of 2013, Managing Director Ahmed Arfeen revealed.

Malaysia Airports Holdings Bhd has hired four banks for a subordinated perpetual sukuk to raise 1 billion ringgit (USD 317.26 million), Thomson Reuters publication IFR reported.

A blueprint being drawn up for Indonesia's Islamic finance industry may include incentives to help revive the domestic market for sukuk (Islamic bonds).

The Secretary General of the Federation of Gulf Cooperation Council (GCC) Arab States' chambers said that investors in Japan know that about 1.7 billion Muslims around the world benefit from Halal trade.

Further bolstering its product line-up, Bank Sohar's Islamic banking Window -- Sohar Islamic, has now introduced dedicated construction financing.