Asia and the Pacific

Asia and the Pacific

ICD and Kapitalbank Sign a Bilateral Agreement to Develop Islamic Finance...

The Islamic Corporation for the Development of the Private Sector (ICD) signed an agreement to assist Kapitalbank with technical advisory services for the establishment...

Russia’s Sberbank to Acquire Stake in Islamic Charity Platform PayZakat

Russia's largest bank, state-controlled Sberbank, will acquire 25 percent of the PayZakat platform that collects charity for Muslims in need. Zakat is a form of...

MBSB to Become Islamic Banking Counter Within 2 Years

Malaysia Building Society Bhd (MBSB) expects its full-fledged Islamic banking business under MBSB Bank Bhd to become a holding company and assume listing status...

HSBC Malaysia Launches ESG Islamic Structured Product

HSBC in Malaysia launched its first environmental, social and governance (ESG) Islamic structured product in the country. The landmark ringgit principal protected participation floating rate...

Islamic Finance Institutions Serve a Crucial Role for BRI

The crucial role Islamic finance is set to play in financing China’s Belt and Road Initiative (BRI) pays homage to the once great Silk...

Riding the Fintech Wave

Like it or not, fintech has revolutionised finance. According to Bank Negara Malaysia data, more and more people are turning to fintech, with the...