Posts tagged as: Kuala Lumpur

UMW plans RM2b sukuk for refinancing

UMW plans RM2b sukuk for refinancing

Malaysian car distributor UMW is going to launch a refinancing program worth 2 billion ringgit ($653 million) in order to refinance existing debt and fund investment. The 15-year plan will be arranged by Maybank Investment Bank and Standard Chartered

BUDGET: Industry Player Welcomes Tax Exemption For Companies With TRX Status

BUDGET: Industry Player Welcomes Tax Exemption For Companies With TRX Status

Malaysian government plans to introduce tax exemption for companies with Tun Razak Exchange (or TRX) status. It is considered to be an important move in government’s efforts to position Malaysia as a central investment destination for foreign investors…

BNP Paribas’ Alwi Says More Non-Islamic Investors Buying Sukuk

BNP Paribas’ Alwi Says More Non-Islamic Investors Buying Sukuk

Syed Alwi bin Mohamed Sultan, the Kuala Lumpur-based head of Islamic banking for Asia Pacific at BNP Paribas Malaysia Bhd., talked about the trends in Islamic finance at the World Islamic Banking Conference in Singapore.
He noted that there is more div…

UCITS tapped for Islamic funds distribution

UCITS tapped for Islamic funds distribution

Potential for marketing Islamic funds cross-border in the Asia-Pacific and Asean is starting to be seen through the UCITS (undertakings for collective investment in transferable securities) platform. Despite the fact that it has already been used in Eu…

Sukuk to lag emerging debt index this year

Sukuk to lag emerging debt index this year

Islamic bonds are falling behind developing-nation debt for a second quarter as investors search for higher yields in non-investment grade securities.
According to the HSBC/Nasdaq Dubai US Dollar Sukuk Index, Shariah-compliant notes returned 1.5 % this…

Indonesia lures Mideast Shariah lenders

Indonesia lures Mideast Shariah lenders

Indonesia’s Islamic finance industry is attracting investment from Middle Eastern and European banks as regulator is searching to double Shariah-compliant assets to 10% of the total this decade.
According to Mudassir Amray, the head of wholesale bank…

AirAsia X to put off US$200m sukuk issue

AirAsia X to put off US$200m sukuk issue

AirAsia X Sdn Bhd will put off a US$200 million Islamic bond issue planned for March by at least 12 months after the airline abandoned routes from Kuala Lumpur to London, Paris, Mumbai and New Delhi.
AirAsia X announced Jan. 12 that it was cutting its …

IILM To Issue First Sukuk In 6 Months, Says Zeti

IILM To Issue First Sukuk In 6 Months, Says Zeti

The International Islamic Liquidity Management Corporation (IILM) is assumed to launch its first sukuk in the next six months, as it will contribute to better liquidity management. The statement was given by Bank Negara Malaysia (BNM) Governor Tan Sri …

OIC central bankers to review impact of euro zone debt crisis

OIC central bankers to review impact of euro zone debt crisis

The governors of central banks and monetary authorities of the Organization of Islamic Cooperation (OIC) member countries are convening brought together for a meeting hosted by Bank Negara Malaysia, the central bank, at its plush new conference centre …

Opportunity to expand Islamic finance offerings

Opportunity to expand Islamic finance offerings

It appears that a small window of opportunity has arised for Malaysia to spread its Islamic finance wings internationally.
Global University of Islamic Finance (Inceif) president and chief executive Daud Vicary Abdullah second that, adding that Malaysi…

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