TOKYO -- Mitsubishi UFJ Financial Group will become the first Japanese bank to market Islamic bonds domestically, starting as soon as March in partnership with Morgan Stanley.
Companies
MUFG prepares to offer Islamic bonds in Japan
Tax green light paves way for service to start in March
MUFG Bank's Malaysia subsidiary has worked out the tax implications for investors receiving payouts in Japan from Islamic bonds. (Photo by Akira Kodaka)
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