Business Blog

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.

25 September 2014, Kuala Lumpur The Islamic Financial Services Board (IFSB) and the INCEIF - The Global University of Islamic Finance are organising the fifth and sixth Executive Forum (EF) on Islamic Finance series in November and December 2014. The IFSB-INCEIF Executive Forums aim to provide a platform for global leaders in Islamic finance to discuss selected emerging issues facing the global

By Sudip RoyLONDON, Sept 25 (IFR) - Kazakhstan is to make its long-awaited return to the international bond markets after the government announced its intention to meet investors from next Monday.The sovereign will kick off meetings in London on September 29 before visiting investors in New York, Boston, San Francisco and finally Los Angeles on October 3. A benchmark-sized US dollar 144A/Reg S bon

With the final quarter of the year looming, it is looking increasingly likely that bond issuance in the Central and Eastern Europe, Middle East and Africa (CEEMEA) region will end the year more on a whimper than a bang.

Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, has launched a Shari'a-based prepaid card for pilgrims performing Hajj or Umrah in Saudi Arabia.

Competitive pricing, product innovation and deeper liquidity have made Shariah-principled finance increasingly appealing as a funding source in the global financial industry, according to a top official of QInvest.