Business Blog

RAM sees great potential in Green Sukuk, in tandem with the increased interest in both Shariah-compliant and ethical investment.

CIMB Islamic, the sharia compliant unit of Malaysia's second-biggest lender, said it will pursue a larger balance sheet to help win more business, regardless of whether a proposed merger with two smaller peers happens.

Oman is expected to issue 500 million rials ($1.3 billion) worth of conventional and Islamic sovereign debt early next year, and aims to choose the arranging banks in October, said the head of the country's first full-fledged Islamic bank.

03 September 2014 BEIRUT: The Iraqi man carried away a box filled with food from the Assyrian Church, his passport clutched in his other hand. "It [the passport] is only so I can cross to a European country," said the man, a refugee who fled to Lebanon...

The Indonesian government raised USD 1.5 billion worth of Islamic bonds on Tuesday, attracting the largest order book ever achieved for a sovereign sukuk from southeast Asia, the finance ministry said.

Malaysia's Bank Muamalat BUKHCM.UL and Bank of London and The Middle East (BLME) BLME.DI will develop Islamic private banking services in the southeast Asian country to widen the banks' business lines.