The SAR160 billion Makkah Gate housing project will accommodate about 800,000 people when it is completed in 15 to 20 years, according to a top official of the company responsible for the scheme.
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STC plans to issue SAR5 billion sukuk
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Malaysia's Hong Leong Islamic Bank Bhd, a wholly-owned unit of Hong Leong Bank, has set up an Islamic bond programme to raise as much as 1 billion ringgit (USD 310 million).
Malaysia's Hong Leong Islamic Bank Bhd, a wholly-owned unit of Hong Leong Bank, has set up an Islamic bond programme to raise as much as 1 billion ringgit (USD 310 million).
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Malaysia's Hong Leong Islamic Bank Bhd, a wholly-owned unit of Hong Leong Bank, has set up an Islamic bond programme to raise as much as 1 billion ringgit (USD 310 million).
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Malaysia's Securities Commission has tightened rules on bai inah, a popular but divisive Islamic financing contract, in a fresh sign that standards in the world's two main centres for sharia-compliant banking are slowly converging.
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