WASHINGTON (Reuters) - The U.S. Treasury imposed sanctions on Wednesday on an Iraq-based money services business, Afaq Dubai, believed to be moving funds for the Islamic State militant group.

The Treasury’s Office of Foreign Assets Control added Afaq Dubai to its list of specially designated global terrorists for “assisting in, sponsoring or providing financial, material or technical support” for the Islamic State group, the department"...

SULAIMANI — HSBC Amanah, the Malaysian Islamic banking arm of HSBC Holdings, has raised 500 million ringgit ($120.63 million) worth of Islamic bonds linked to the United Nations’ sustainable development goals.

The deal is the latest effort to combine the religious principles of Islamic finance with sustainable development themes promoted by the UN, such as poverty eradication and financing clean energy, Reuters reported on Thursday (October"...