Asia and the Pacific

Asia and the Pacific

Indonesian Islamic Organization Says Crypto Is Forbidden for Muslims

The Indonesian Ulema Council, the country’s top Islamic scholar’s body, has officially deemed cryptocurrency as haram under Sharia law. The decision was made at the...

Bank Islam Wins Best New Sukuk Quasi-Sovereign Award

Bank Islam Malaysia Bhd clinched The Best New Sukuk Quasi-Sovereign Award at The Asset Triple A Award ceremony held virtually on Sept 15. In a...

Malaysia Stands Chance to Seize More of Islamic Trade Finance Market

Malaysia has an opportunity to “grow significantly” in the Islamic trade finance market, according to the World Bank, as the global Islamic finance sector...

Singaporean Private Capital Exchange Exploring Shariah Compliant Tokens

The private capital exchange ADDX is keen on offering Shariah compliant digital securities on its platform following its latest partnership with Bahrain-based Investcorp which...

AEON Credit to Dive into Insurtech with New Acquisition

A public-listed lender in Malaysia will be turning its latest acquisition into a digital insurance firm, offering both Takaful and conventional insurtech services, as...

Central Asian Islamic Challenger Bank to Expand Roots into the UK

A Central Asian Islamic challenger bank has the UK on its radar and is moving swiftly to establish its presence in London to capture...