ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japan's Orix expands Islamic financial business

TOKYO -- Leasing giant Orix has become the first Japanese company to handle a Modaraba, a type of financial product compliant with Islamic law, through a business acquisition in Pakistan.

The financial products are similar to investment trusts in that an asset management company invests funds entrusted by investors and pays out distributions from profits. These contracts are offered widely in Islamic countries. The Modaraba market in Pakistan is estimated to be worth several hundred million dollars.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more