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THE Labuan International Financial Exchange (LFX) and Bahrain-based International Islamic Financial Market (IIFM) are to jointly develop an Islamic capital market with enhanced global reach.
CITIGROUP Islamic banking vehicle, Citi Islamic Investment Bank E.C. (CIIB), aims to strengthen its position in the global Islamic banking business through its diversified range of alternative Islamic products and services for the international market.
THE Bahrain Monetary Agency (BMA) has appointed Citi Islamic Investment Bank (CIIB), Bahrain and Citigroup Global Markets Ltd (CGML) to arrange, structure and lead manage its upcoming US$250mil Sukuk issue.
THE Organisation of Islamic Conference (OIC) governments and central banks should intensify their efforts to act as catalyst and support providers of Islamic banking, managing director of United Arab Emirates-based Citi Islamic Investment Bank E.C. Saad-Uz Zaman said.
COMMERCE International Merchant Bankers Bhd (CIMB) chief executive officer Nazir Tun Razak has urged the Islamic Development Bank (IDB) to initiate the setting up of an Islamic Financial Masterplan for global Islamic financial services.