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Business 21 Jan 2004 | 12:00 AM

LFX and IIFM to jointly develop Islamic capital market

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.

Business 15 Jan 2004 | 12:00 AM

Zeti: Ensure stability in Islamic finance system

BANK Negara governor Tan Sri Dr Zeti Akhtar Aziz has called for greater cooperation among regulators to ensure the Islamic financial system is not subject to vulnerabilities and abuses.

Nation 05 Jan 2004 | 12:00 AM

Ensuring pilgrims’ safety

MALAYSIANS going to Mecca during the current haj season have been told not to bring along flags and any form of literature connected to political parties in the country.

Business 02 Jan 2004 | 12:00 AM

Genting notes push up LFX market cap to RM8.5bil

THE Labuan International Financial Exchange (LFX) has achieved a market capitalisation of US$2.26bil (RM8.59bil) with the latest secondary listing of US$300mil of exchangeable notes by Genting Bhd.

Business 17 Nov 2003 | 12:00 AM

Citigroup beefing up Islamic ops

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.

Nation 28 Oct 2003 | 12:00 AM

OIC used as a platform to woo Arab investors

THE 10th Organisation of the Islamic Conference Summit held recently was used as a platform to promote Islamic equity-based, private debt securities and risk management products among potential investors from the Arab nations.

Business 23 Oct 2003 | 12:00 AM

Citigroup members appointed to arrange US$250mil Sukuk issue for Bahrain

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.

Business 17 Oct 2003 | 12:00 AM

Govts, central banks urged to further promote Islamic banking

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.

Business 16 Oct 2003 | 12:00 AM

IDB urged to draft master plan for global Islamic financial services

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.