Business Blog

Shareholders of Dubai's Amlak Finance met for the first time in more than six years on Sunday and backed a key component of the mortgage provider's $2.7 billion debt restructuring deal.

Abdullah A. M. Al-Khodari Sons Company renewed existing Islamic credit facilities with SAMBA Financial Group amounting to SAR 425 million.

Malaysian construction firm WCT Holdings Bhd will raise up to 1.5 billion ringgit (USD 460.05 million) through Islamic bonds to refinance debt, pay working capital and capital expenses, according to a statement on Friday by rating agency Malaysian Rating Corp Bhd (MARC).

Saudi Arabia's Fawaz Abdulaziz Alhokair Co signed a USD 200 million sharia-compliant loan with French lender Société Générale to fund an acquisition of shops and general expansion, the retailer said.

The likes of Mark Zuckerberg and Jeff Bezos pay professional mentors for their advice. What do these sought after pros bring to the table. We asked a few of them ourselves.

Bank of Tokyo-Mitsubishi UFJ MTFGTU.UL (BTMU), Japan's largest lender, hopes to secure a licence for its Malaysian unit to expand operations by providing Islamic loans in the local currency.