Bank of Tokyo-Mitsubishi UFJ (BTMU) has opened an Islamic finance business in Dubai, to focus on sharia-compliant loan syndications along with plans to later offer project financing. The Islamic window of the DIFC branch is intending to offer a number of Islamic products such as deposits, loans and trade finance solutions, Shichito Tobari, Regional Head for the Middle East and General Manager of the Dubai branch told Gulf News. The bank said it would open a branch office there next year and that the first projects will be for small businesses such as bakeries or food stalls.
Bank of Tokyo-Mitsubishi UFJ (BTMU) has opened an Islamic finance business in Dubai, to focus on sharia-compliant loan syndications along with plans to later offer project financing. The bank said it would open a branch office there next year and that the first projects will be for small businesses such as bakeries or food stalls.