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CONTINUING its track record of developing industry leading logistics hubs, PKT Logistics Group Sdn Bhd will soon be building its next - the Bukit Kayu Hitam ICD in Kedah.
SYDNEY: Malindo Air has launched its new route to Sydney, making it the airline’s fifth destination Down Under.
DUBAI: Abu Dhabi is considering combining Abu Dhabi Islamic Bank PJSC with First Abu Dhabi Bank PJSC to create the Middle East’s largest lender, according to people with knowledge of the matter.
JAKARTA: Indonesian insurance rules that come into effect on Feb. 1 are causing huge coal supply backlogs, with dozens of ships held up outside ports unable to load as authorities start checking to see if vessels are in compliance with the new policy.
DUBAI: A potential three-way bank merger in the United Arab Emirates is boosting the stock of a lender that’s not even involved in the deal: Abu Dhabi Islamic Bank (ADIB) PJSC.
LONDON: Firms involved in Islamic finance are lobbying the British government for tax reforms, arguing that the treatment of some sharia-compliant structures is hindering their growth.
DUBAI: Goldman Sachs raised $500 million with its debut sale of Islamic bonds on Tuesday, becoming the first conventional U.S. bank to issue sukuk as Islamic finance develops beyond its traditional homes in the Middle East and southeast Asia.
Islamic bond programmes from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks' ability to win over industry purists.
AFTER a month of poring through the Malaysian tax system, gruelling case presentations and heated debate, the students from Universiti Teknologi Mara (UiTM) and Tunku Abdul Rahman University College (TARC) emerged as the champions of Deloitte Tax Challenge 2013 team and individual categories, respectively. The sixth season of the annual competition culminated in a grand finale and gala event last Friday.
DUBAI: A US$1 billion sukuk issue by Abu Dhabi Islamic Bank this month may start a trend that was probably not contemplated by the founders of modern Islamic finance: Islamic bonds may become a key tool for banks to meet tightening capital rules.