A U.S. financial services company is joining with a Malaysian company to sell financial services that are compatible with Islamic law and Islamic traditions.
Principal Financial Group Inc., Des Moines, Iowa, has joined with CIMB Group, a unit of Bumiputra-Commerce Holdings Berhad, Kuala Lumpur, Malaysia, to start CIMB-Principal Islamic Asset Management Sdn Bhd, Kuala Lumpur.