05.05.2009 - Islamic Bank of Asia launches first liquidity product
From Channelnewsasia.com: The Islamic Bank of Asia, a unit of DBS Bank, has launched a US-dollar Islamic Placement, its first liquidity product. The USD Islamic Placement is similar to a conventional fixed deposit, except it is based on the Shariah principle of Murabaha, which refers to a cost plus profit sale contract.......Full Article: Source