Asia and the Pacific

Asia and the Pacific

Citi Takes Lead in Green Bond Issuance in Korea

Citibank Korea has gained attention in the green bond market as it has played a dominant role as a lead manager in issuing ESG...

Alibaba-Backed Indonesian Multifinance Fintech Akulaku Planning Islamic Roll-Out

Indonesian online multifinance services company Akulaku will launch its Shariah-compliant platform in the first half of 2021, its president director Efrinal Sinaga told Salaam...

Islamic Finance Sector to Benefit from Rapid Family Takaful Growth

The Islamic finance industry as a whole is poised to benefit from the rapid growth of family takaful into a dominant position, said Malaysian...

ED Seizes Assets Worth ₹10 Crore in Bengaluru ‘Islamic Banking’ Ponzi...

The directorate started its money laundering investigation on the basis of several FIRs registered by the Bengaluru police against Ambidant Marketing, its directors and...

Islamic Banking Share Grows to 16.1Pc

Market share of Islamic banking assets and deposits in the overall banking industry during the July-September quarter was recorded at 13.8 per cent and...

FMA Clarifies Green Bond Disclosure Requirements

The Financial Markets Authority (FMA) has published an information sheet outlining when issuers of securities described as “green bonds” can apply the “same class...