Business Blog

The Islamic Republic of Pakistan has set final guidance of 6.75%-6.875% on its five-year US dollar benchmark sukuk, according to a lead.

Dubai-based Noor Bank is looking to Turkey and other international markets to escape tougher competition at home and take advantage of a booming global sharia-compliant finance industry, its chief executive told Reuters on Tuesday.

Malaysia-based International Islamic Liquidity Management Corp has expanded the amount of its outstanding sukuk under a program to give sharia-compliant banks a cross-border tool for liquidity management.

The Islamic Republic of Pakistan has set initial profit thoughts of 6.875% area on a five-year US dollar benchmark sukuk.

Lahore-based Asia Insurance Company Ltd will seek shareholder approval next week to offer Islamic insurance (takaful) products, the latest insurer seeking to expand into the sector.

An entrepreneur who turned his back on banking to set up a shoemaking company shares his tips for success as part of the African Dream series.