Business Blog

Dogus Varlik Kiralama, an asset leasing company, has applied to the Capital Markets Board to issue Turkey's first corporate Islamic bond, in what would be a major step towards developing Islamic finance in the country.

Airbus Group and the Jeddah-based Islamic Development Bank (IDB) are seeding a sharia-compliant aircraft leasing fund to cater to growing demand for commercial financing from airlines in the Middle East, Asia and Africa.

Karachi-based utility K-Electric plans to raise as much as 22 billion rupees (USD 223.1 million) through Islamic bonds to refinance existing debt, the latest transaction in Pakistan's reviving Islamic debt capital market.

RAM Ratings has reaffirmed the AA2/Stable/P1 ratings of Lafarge Malaysia Berhad's (Lafarge Malaysia or the Company) RM350 million Islamic Securities Programme (2010/2017).

The Jordan Institute of Science and Technology (JUST) has been selected by Caterpillar, a US machinery corporation, as a primary candidate for a Caterpillar pilot project, according to a JUST statement released on Wednesday.

IT sector stakeholders on Wednesday underlined the need for protecting intellectual property (IP) in the industry, which they said is a pillar for its growth.