Tagged: Japan

Japanese get into Islamic financing

Japanese get into Islamic financing

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 financials offering Islamic products

Japanese financials offering Islamic products

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…

DIB unveils plans for Sharia opportunity fund

DIB unveils plans for Sharia opportunity fund

Dubai Islamic Bank (DIB) stated that it will launch a new Sharia opportunity fund in the region with exposure to equity markets across the Asia-Pacific region.
Prudential Asset Management Limited is the one offering the fund. It will search to invest i…

EQUITIES: Axis Islamic REIT IPO targets US$700m

EQUITIES: Axis Islamic REIT IPO targets US$700m

Axis Global Islamic REIT is in talks with potential cornerstone investors and will aim to raise around US$700m from a Malaysian IPO in the second quarter. The original plan was to include assets from Japan, Australia and Hong Kong., but this may change…

International Borrowers Take to Islamic Bond Market

International Borrowers Take to Islamic Bond Market

Until recently the issuance of Islamic bonds, or sukuk, was confined to the Muslim world. But now a number of international borrowers are tapping the markets, including Nomura Holdings in Japan and Europe’s first corporate borrower, International Innov…

Kuwait’s KFH in talks to invest in Asia – report

Kuwait’s KFH in talks to invest in Asia – report

The Malaysian unit of Kuwait Finance House (KFH), the Gulf Arab state’s biggest Islamic lender, is having “strategic alliance” negotiations in Japan, a newspaper reported on Sunday. Kuwait Finance Malaysia was the first foreign Islamic bank to win a li…

Islamic branding: Is Bangladesh ready to cash in?

Islamic branding: Is Bangladesh ready to cash in?

Bangladesh has seen the importance of the “halal” branding to its local market. Although Islamic finance started off early in the 90s in Bangladesh, the industry suffers from several imperative foundations such as lack of unified Shariah rulings, absence of an Islamic inter-bank money market , absence of courses in universities on Islamic financial products, shortage of skilled personnel who are well-versed in the complexities of this specific sector, and difficulty in identification of Shariah-compliant production and service chains are holding back potential of local financial institutions, local manufacturers, and service providers from signing up on this new economic wave.

Not much success has been achieved over the years when Bangladesh worked with Malaysia’s Halal Development Corporation and other partners of the D-8 (eight developing Islamic countries) despite the fast setting up infrastructure, guidelines and facilitative bodies to cash in on the Islamic branding potential in Japan, Korea, Indonesia, Malaysia, China and even India.