Asia and the Pacific

Asia and the Pacific

Sharia Fintech Firm Alami Bags $20m in Round Led by AC...

Alami Technologies, a sharia fintech platform based in Indonesia, announced that it has raised over US$20 million in equity and debt funding in a...

EFCO Limited Announces Collaboration with Shariyah Review Bureau, Bahrain, for Islamic...

New Zealand based financial services company EFCO Ltd today announces receiving Sharia certification as a mark of compliance from Shariyah Review Bureau (SRB) -...

RBI Returns to Revised Liquidity Management Framework

The Reserve Bank of India (RBI) on Friday announced resumption of operations under the revised liquidity management framework, in a sign that it is...

Russia’s Sberbank Upbeat about Its Islamic Finance Record

Sberbank, which is currently rebranding itself as Sber, has obtained regulatory approval in Russia and the United Arab Emirates for opening a subsidiary in...

BOP, Akhuwat Islamic Microfinance Sign MoU to Facilitate Applicants under Kamyab...

The Bank of Punjab (BOP) and Akhuwat Islamic Microfinance (AIM) have signed a memorandum of understanding (MoU) to provide financing to applicants referred by...

Vietnamese Bank Issues its First Letters of Credit on the Blockchain

Major Vietnamese bank HDBank has now become the first bank in the country to issue letters of credit, or L/C, using blockchain technology. According to...