Asia and the Pacific

Asia and the Pacific

Half of Malaysia’s Banking Assets to be Islamic in Next Decade

Malaysia can expect half of its banking assets to be Islamic by 2030 as the industry’s growth outpaces conventional banking, according to a lenders’...

Banks Express Interest to Set up Islamic Units

Banks are expressing interest to put up Islamic units in the Philippines following the release of new regulations by the Bangko Sentral ng Pilipinas...

Cambodia Readies a Blockchain-Based Digital Currency

The National Bank of Cambodia (NBC) is readying a central bank digital currency (CBDC) to be launched at some point during the current fiscal...

Revolutionizing Islamic Finance through Blockchain

Technological advancements are not only changing the way we interact with our daily reality but are also paving a path for a new and...

Brunei Remains Top 10 in Islamic Finance Development Indicators 2019

Brunei Darussalam maintained its ranking as one of the top 10 performing Islamic finance markets out of 131 countries as reported in the recently...

Online Multifinance Services Firm Akulaku to Introduce Shariah-Compliant Platform in 2021

Akulaku, an Indonesia-based online multi-finance services firm, is planning to introduce its Shariah-compliant platform during the first half of 2021, according to Efrinal Sinaga,...