Royal Group

Royal Group raises first Islamic financing from RHB

Real estate firm Royal Group has raised its first sharia-compliant financing from RHB Bank Singapore for a S$300 million (US$220.8 million) property, helping widen the range of Islamic finance deals in Southeast Asia's main financial hub. Singapore has been promoting Islamic finance over the past decade, with the city-state issuing its first Islamic bond in 2009, aiming to attract religiously-minded...

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