Microsoft Devices and Zain, the leading telecommunications company in Kuwait, have announced the introduction of a direct operator billing facility for Zain customers in Kuwait.
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(Adds details on first issuance from the programme)
KUALA LUMPUR, June 26 (Reuters) - Turkish lender Turkiye
Finans Katilim Bankasi plans to sell 3 billion ringgit ($933
million) of Islamic bonds in Malaysia, according to a filing
with the southeast Asian country&aposs central bank on Thursday.
The bank will initially raise 800 million ringgit with a
five-year sukuk on June 30, acc
KUALA LUMPUR, June 26 (Reuters) - The Malaysian state of
Sarawak on Borneo island will issue a 1.5 billion ringgit
($466.27 million) Islamic bond for funds to develop the sewerage
system in its capital, said credit agency RAM Ratings on
Thursday.
The sukuk murabaha will be issued by Aquasar Capital, an
indirect unit of Sarawak state. RAM rated the programme AAA or
&aposstable&apos b
(Refiles to say, in headline, the issuance is in rupees, not
converted amount in dollar)
By Bernardo Vizcaino
June 26 (Reuters) - Karachi-based utility K-Electric
KELE.KA plans to raise as much as 22 billion rupees ($223.1
million) through Islamic bonds to refinance existing debt, the
latest transaction in Pakistan&aposs reviving Islamic debt capital
market.
The sukuk, which
* FTSEurofirst 300 up 0.2 pct, pulls away from 1-month low * Barclays sags on U.S. fraud lawsuit linked to stock trading * Danone rallies on mounting M&A speculation By Blaise Robinson PARIS, June 26 (Reuters) - European stocks inched up...