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Axiata converts RM2.8 bln conventional term loans to Islamic financing

Posted on 11 November 2009

From Bernama: Axiata Group Bhd (formerly known as TM International Bhd), has converted RM2.8 billion of its conventional term loans to Islamic term financing based on Commodity Murabahah structure.

This is in line with the Government’s efforts to promote the country as an international Islamic hub, it said in a statement…………………………..Full Article: Source

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This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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