Asia and the Pacific

Asia and the Pacific

Bank Rakyat to Reinvent as Sustainable Islamic Financier

Appropriate fund allocation is important in Islamic finance, especially for those seeking value-based investments and lending. As financial mobilisation progresses to full-fledged digital services, more...

Indonesian Islamic Microfinance Lender Planning Second Blockchain Sukuk This Week

Indonesian Shariah-compliant microfinance lender BMT Bina Ummah plans to issue another blockchain-based sukuk this week after its first successful fundraising last year, Ely Heni,...

Bursa Malaysia Lists MIDF Investment, KAF Equities as Islamic Brokers

Bursa Malaysia Bhd has listed MIDF Amanah Investment Bank Bhd (MIDF Investment) and KAF Equities Sdn Bhd as brokers offering Islamic stockbroking services on...

DIBPL Profit Surges 38 Percent

Dubai Islamic Bank Pakistan Limited (DIBPL) posted profit before tax of Rs5.7 billion for the year ended December 31, 2019, showing an increase of...

Development of Islamic Finance in Kazakhstan: Reality or Myth?

According to the National Bank of Kazakhstan (NBK), as of 2019, the share of Islamic banking assets account for only 0.21% of the total...

India Becomes Second-Largest Market for Green Bonds with $10.3 Billion Transactions

India has become the second-largest market globally for green bonds with $10.3 billion worth of transactions in the first half of 2019, as issuers...