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Japan joins the Sukuk party

Thu, 2014-09-25 14:24 — newsdesk

Japan’s Bank of Tokyo-Mitsubishi UFJ is set to issue a two tranche Wakala Sukuk. At present the bank is allowed by the regulator in Japan only to handle Islamic financial transactions out of Malaysia through a subsidiary called BTMU Malaysia. BTMU will issue the Sukuk in a $25m US$ tranche and a 2.5bn yen tranche with both tranches carrying maturities of one year. CIMB Investment Bank is managing the issues.

Source: 

http://www.theislamicglobe.com/index.php/article/1886-japan-joins-the-su...