Japan’s Bank of Tokyo-Mitsubishi UFJ (BTMU) has launched its Islamic finance business in Dubai, to focus on sharia-compliant loan syndications with later plans to offer project financing… http://www.reuters.com/article/2015/10/29/bank-of-tm-ufj-emirates-islam-finance-idUSL8N12S06820151029
The Islamization of the financial world is taking hold in Japan. Bank of Tokyo-Mitsubishi UFJ is planning a debut sukuk in Malaysia. The bank is also considering offering the world’s first yen-denominated sukuk. While Japan has no Islamic banking rules of its own, the government amended legislation in 2008 to allow subsidiaries of the country’s lenders […]
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