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THE Islamic capital markets offer a range of products with an international appeal to suit the financial needs of issuers, but most Malaysian issuers have not bothered to venture beyond the Bai Bithaman Ajil (BBA) (deferred payment sale) type of issuance such as BBA Islamic debt issuance (BaIDS) or the Murabaha commercial paper/medium term notes programme.
THE only difference in executing an Islamic versus a conventional product is the way the agreement is executed, the rest is status quo.
CIMB Group is expanding its reach in the Islamic financial market with a goal to becoming a predominant player given its strong market position and track record in the conventional market.
THE Vista at Sutera Harbour, a luxurious lifestyle condominium development, targeted at the corporate tourism market, is expected to be completely sold by the end of this year, said Sutera Harbour Resort president and chief executive officer Datuk Edward Ong.