Asia and the Pacific

Asia and the Pacific

Meezan Bank Shariah Board Approves Guidelines for Digital Mobile Account

Meezan Bank’s Shariah Supervisory Board approved guidelines for digital Mudarabah-based mobile account to support financial inclusion in Pakistan during 46th Shariah Supervisory Board meeting. The...

Indonesia Lining Up US Dollar Sovereign Sukuk

The Republic of Indonesia is preparing its annual US dollar-denominated sovereign sukuk issue, two sources familiar with the government’s plans told Salaam Gateway. Indonesia plans...

Shift to Cleaner Power Sparks Landmark Green Bond Sale in Japan

In the gusty northeast, a power company is looking to fund offshore wind projects with a landmark sale of green bonds that seeks to...

Standard Chartered Betting Big on Shariah-Based Banking

Standard Chartered is bullish about the fortunes of its Islamic banking business, Saadiq, in the country, seeing the religious bent of the Bangladeshis and...

Islamic Transactions Snare 25Pc of Bangladesh Total Banking Assets

At present, the market share of assets of the Islamic banking industry is around 25 per cent of the country's total banking assets. Among the...

Faysal Bank Introduces New Products, Services under Islamic Banking

Faysal Bank has unveiled its refreshed Islamic identity in line with its vision of becoming one of the leading Islamic Banking franchises in Pakistan. Bank's...