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Business

Kulim secures RM430m loan

KUALA LUMPUR: Plantation company Kulim (M) Bhd will use its new RM430mil loan facility to refinance old debts as well as for working capital requirements for its business operations, including its latest investment in shipping.

Business

Need for standard rules Economic crisis has given more exposure to Islamic financial market

KUALA LUMPUR: The Islamic financial market is not immune to the current global financial crisis but it is not as badly affected as the conventional financial market.

Business

Bank Negara sees positive economic growth in Q4

KUALA LUMPUR: Malaysia is seeing signs of improvement that may translate to a fourth-quarter positive growth.

Business

Analysts: Islamic banks perform as expected

PETALING JAYA: The recent financial performance of Islamic banks, although relatively weaker than in previous years due to the challenging economic conditions in the past 12 months, remains in line with expectations, according to analysts.

Business

A test for Islamic home financing?

WHEN Islamic home financing came on the scene, interest rates were neither as low, nor as attractive, as today. House buyers opt for them because the 'interest', or what banks called 'profit sharing', was capped at 10%.

Business

CIMB Islamic Bank prepared to invest RM1.5bil in halal industry

KUALA LUMPUR: CIMB Islamic Bank Bhd is prepared to invest RM1.5bil in a move to help small and medium enterprises (SMEs) in the halal industry.

Business

M'sian Islamic banks not affected by Dubai crisis

PETALING JAYA: The debt payment crisis of conglomerate Dubai World will not adversely affect the Islamic finance industry in Malaysia as it has limited exposure to the sheikhdom's debt, according to industry observers.

Business

LCL founder in a quandary after losing grip on company

PETALING JAYA: Founder and chairman of LCL Corp Bhd Datuk Low Chin Meng says he is unsure about his next move now that he has lost his grip on the company he founded more than 20 years ago.

Business

CIMB Islamic Bank lists RM2bil Sukuk on Bursa Malaysia

KUALA LUMPUR: CIMB Islamic Bank Bhd's Tier 2 Junior Sukuk Programme of up to RM2.0 billion in nominal value was admitted to the main market of Bursa Malaysia on Tuesday under an exempt regime.

Business

CIMB Islamic lists RM2bil sukuk on Bursa

KUALA LUMPUR: CIMB Islamic Bank Bhd's Tier-2 Junior Sukuk Programme of up to RM2bil in nominal value was admitted to the main market of Bursa Malaysia yesterday under an exempt regime.