SINGAPORE: Singapore Sees Bright Prospects In Islamic Finance. Singapore’s prospects in Islamic finance look bright, with more funds establishing themselves here to tap the Islamic debt market, the Monetary Authority of Singapore’s (MAS) top executive said on Tuesday (June 3). “Singapore is the only non-Muslim majority country among the top 15 countries for Islamic finance,” …
Interest-Free Banking
BTMU Malaysia To Set Up Multi-Currency Sukuk Programme
The Bank of Tokyo-BTMU Malaysia to set up Multi-Currency Sukuk Programme. Mitsubishi UFJ, Ltd. (BTMU) (President: Nobuyuki Hirano) is pleased to announce that its subsidiary, Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad (BTMU Malaysia), has set up a USD500 million (or equivalent) multi-currency sukuk programme. This is the first by a Japanese commercial bank. Through this …
BTMU Malaysia To Set Up Multi-Currency Sukuk ProgrammeRead More
Japan: BTMU Malaysia Signs MoU with Islamic Corporation for the Development of the Private Sector
The Bank of Tokyo-Japan: BTMU Malaysia Signs MoU with Islamic Corporation for the Development of the Private Sector. Mitsubishi UFJ, Ltd. (BTMU) announced the other day that its subsidiary, Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad (BTMUM), has recently signed a Memorandum of Understanding (MOU) with Islamic Corporation for the Development of the Private Sector (ICD) …
Ethical Or Islamic Banking To Take Over The Traditional Banking
Islamic Banking The chief executive of Abu Dhabi Islamic Bank (ADIB), the largest Sharia-compliant bank in the United Arab Emirates, believes the banking industry is on the cusp of a historic transformation that will see a convergence between conventional and ethical banking. “They will come together and they are coming together. Who is doing that …
Ethical Or Islamic Banking To Take Over The Traditional BankingRead More
Malaysia’s Islamic Finance Showcase Churns RM1Billion In Deals
The combined sales generated at the Malaysia International Halal Showcase (Mihas) 2014, comprising the exhibition and the incoming buying mission (IBM) programme rose by 21% to reach RM1 billion, from RM798 million in 2013.It is the non-food and services sectors such as toiletries, body care, hygiene and financial products that made a significant impact, with …
Malaysia’s Islamic Finance Showcase Churns RM1Billion In DealsRead More
Falah Capital Sparks US Islamic finance?
Islamic Finance . The most far reaching Islamic finance news in early April was the announcement by US-based Falah Capital to launch the “first in a series of Shariah-compliant index funds…structured as Islamic exchange-traded funds (ETFs) that will match the requirements of specific institutional and individual investors”. Falah Capital Sparks Us Islamic Finance. Why is …
