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Islamic Finance Briefing - Categorized | Funds, Market Moves more

Sumitomo in Japan’s first Islamic funding deal

Posted on 16 July 2010

From Btimes.com.my: Sumitomo Corp is arranging the first Islamic funding deal in Japan, which could pave the way for other Japanese issuers to tap the US$1 trillion (RM3.20 trillion) industry, a source with knowledge of the deal said in Kuala Lumpur yesterday.
The yen-denominated issue, which would be the first by a Japanese issuer in the country, mirrors the structure of Islamic bonds but is not strictly sukuk as Japan’s banking regulations do not provide for such an offering……………………………………….Full Article: Source

 
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