MANAMA/KUALA LUMPUR: Arshad Khan, the chief of the Bahrain Financial Exchange, had envisaged a global Islamic trading platform when he set out to work with Malaysia's stock exchange this year.
Though the talks fell through, Khan thinks there may (...)
KUALA LUMPUR/MANAMA: The global financial crisis has intensified a push for Islamic finance to return to its roots and move further away from conventional banking, but some warn that more originality could alienate investors.
Many bankers fear (...)
MANAMA/KUALA LUMPUR: Bahrain-based Islamic lender Al Baraka is in talks to buy a stake in Malaysia s Bank Muamalat, its chief executive said, with a source adding it could buy up to 49 percent in the lender.
Nothing has been signed, there are (...)