Several Japanese institutions are establishing and expanding their Islamic finance businesses. Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking for example made a Shariah-compliant deal with Brunei Gas Carriers (BGC). Other financial institutio…
Japanese financial institutions have started offering Islamic financial services in Muslim countries in the region. The Bank of Tokyo-Mitsubishi UFJ and Sumitomo Mitsui Banking for example arranged a Shariah-compliant deal with a shipping company affil…
Barwa Bank and National Petroleum Services Group (NPS) made an agreement to refinance an existing syndication and support its expansion and working capital. All this will be worth QR529m.
NPS group provides drilling and well services to customers in th…
The South African government’s recent confirmation that it is in the process of introducing tax neutrality laws for Mudaraba (trust financing), Murabaha (cost-plus financing) and Diminishing Musharaka (diminishing shared ownership) contracts is a long …
BIBD At-Tamwil is not expecting a rise in their hire purchase product for consumers for the next few months as the financial institution says that consumers are currently taking stock of the newly implemented credit card regulations before taking on mo…
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