Business Blog

Turkey's bank watchdog has taken sweeping powers at Islamic lender Bank Asya ASYAB.IS , which has seen depositors flee and bad loans soar since it became caught up in a political power struggle, a source at the watchdog said on Thursday.

Malaysia's Malayan Banking Bhd, the country's largest bank by assets, said on Thursday it planned to raise up to USD 5 billion via euro-commercial paper notes.

Malaysia's Malayan Banking Bhd, the country's largest bank by assets, said on Thursday it planned to raise up to USD 5 billion via euro-commercial paper notes.

Malaysian state investor Khazanah Nasional Berhad has completed book building for a USD 500 million sukuk, exchangeable into shares of Tenaga Nasional Bhd.

Malaysian state investor Khazanah Nasional Berhad has completed book building for a USD 500 million sukuk, exchangeable into shares of Tenaga Nasional Bhd.

Moody's Investors Service forecasts governments will issue about USD 30 billion worth of Islamic bonds, or sukuk, in 2014 and increase the market size to around USD 115 billion by year-end.