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Auto News Articles - Toyota considers Shariah bond to help Malaysian business
News Article
Toyota considers Shariah bond to help Malaysian business
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Source: International Herald Tribune
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Date:5/13/2008
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Source Link: Click Here |
Toyota is considering issuing a bond that complies with Islamic law to help its expanding business in Malaysia. Under Shariah, or Islamic law, interest is banned and purchasers of Islamic bonds, or sukuk, instead would receive a dividend from UMW Toyota Capital.
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