KUALA LUMPUR: Malaysia's Axiata Group Bhd
joins a growing number of companies using mobile-phone airtime to back Islamic transactions as Asian subscribers are forecast to dominate the global market in three years.
The nation's biggest telecommunications operator, with businesses in India, Indonesia and Sri Lanka, set up its first multi-currency sukuk programme worth US$1.5bil backed by telephone minutes, according to a July 19 stock exchange filing.
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