Japan bank unit in Malaysia keen to expand Islamic banking ops

Bank of Tokyo-Mitsubishi UFJ (M) Bhd president and CEO Naoki Nishida told StarBiz Thursday the bulk of its Islamic banking portfolio in Malaysia, including Malaysian corporates and GLCs, would continue to be one of the bank

PETALING JAYA: Bank of Tokyo-Mitsubishi UFJ (M) Bhd (BTMU Malaysia), which has issued the world’s first yen-denominated “Emas” sukuk, is expanding its Islamic banking operations in the country by eyeing more non-Japanese Malaysian firms, including government-linked companies (GLCs).

Its president and chief executive officer Naoki Nishida told StarBiz the bulk of its Islamic banking portfolio in Malaysia, including Malaysian corporates and GLCs, would continue to be one of the bank’s main focus as part of its move to strengthen its Islamic banking business.