Monday 5 October 2015

India to launch new Islamic equity fund

Mumbai-based SBI Funds Management will launch an Islamic equity mutual fund next month to tap into India's large but underserved Muslim population, although the country still lags in developing sharia-compliant debt alternatives.


Mumtalakat in deal on pharmaceutical plant

Bahrain Mumtalakat Holding Company, the investment arm of Bahrain, has signed an agreement with Japanese firm SBI Pharmaceuticals (SBI), towards setting up of a pharmaceutical production facility in the kingdom. To start with, the


Japan banking group plans India tie-up

Mizuho Financial Group will join forces with India's top bank, State Bank of India, on syndicated loans and other areas, as Japan's second-largest lender looks to capitalise on the growing Indian economy. The deal, the first such alliance


UAE exchange ties up with SBI

UAE’s Wall Street Exchange company has announced a tie-up with State Bank of India, India’s largest bank, for quick money transfer to India. The transfers would be done through 5,800 SBI branches under the speed remittance facility, “SBI E

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