Asia and the Pacific

Asia and the Pacific

State Bank of Pakistan Declared Best Central Bank for Promoting Islamic...

The State Bank of Pakistan (SBP) has been declared the best central bank for promoting Islamic finance for the year 2018. The coveted award...

RAM Ratings Reaffirms Bumitama’s AA3/Positive Rating

RAM Ratings has reaffirmed the AA3/Positive rating of Bumitama Agri Ltd’s (the Group) RM2.0 billion Islamic MTN Sukuk Musharakah (2014/2029). The reaffirmation reflects the continued resilience...

Sierra Leone News: Climate Action Receives $200bn Investment from World Bank

The World Bank Group has announced a major new set of climate targets for 2021-2025, doubling its current 5-year investments to around $200 billion...

Mindanao Development Authority Eyes Islamic Institutions as Good Funding Source

The Mindanao Development Authority (MinDA) is eyeing Islamic financial institutions as a good source of funds to develop agricultural industries in Mindanao. Adrian Tamayo, MinDA’s...

Indonesia to Focus on Shariah Financing to Fund Infrastructure Projects in...

Indonesia will dip further into Islamic sovereign bond sales this year to fund infrastructure projects, relying less on global investors and expediting a deepening...

AIIB Sets Up US$ 500m Fund to Invest in Infrastructure Corporate...

The Asian Infrastructure Investment Bank (AIIB) said on Wednesday it has set up a US$500 million fund, which will be used for corporate bonds...