– Saudi Arabia sees recentlandmark issuanceof ESG-related sukuk – Key jurisdictions registergrowth insustainable instruments in 2021 – ESG-linked sukuk projected to grow in 2022even as broader sukuk growth moderates Earlier this month Saudi Arabia’s Riyad Bank closed a $750m “sustainability” sukuk (Islamic bond), the latest in a wave of high-profile…
– Many emerging nations’ central banks are trialling or considering CBDCs – South-east Asia is at the forefront of digital banking and cryptocurrency – Cambodia has launched a CBDC, while several other states are undertaking trials – An East Asian common currency based on blockchain has been proposed The coronavirus pandemic gave rise to a massive acceleration in the spread of digital…
On the impact of the Covid-19 pandemic on the neobank segment How can neobanks mitigate the anticipated declines in discretionary spending during the Covid-19 pandemic? CHRISTOPHER DAVISON: Neobanks are theoretically well positioned to weather the Covid-19 storm. Global spending behaviours changed dramatically as lockdowns were imposed. Although spending on discretionary items and travel…
On how conventional banks are integrating digital solutions How would you assess the potential of digital banking to boost financial inclusion in developing economies? MICHEAL GORRIZ: In Africa, where Standard Chartered opened eight digital banks in 2018-19, the cost to serve is a crucial determining factor when offering banking services. A large part of the continent is underbanked primarily…
When and Where? 01 - 03 October 2019 Berjaya Times Square Hotel, Kuala Lumpur, Malaysia Why the organiser thinks you might be interested: Fostering deep insights into the latest development happening in the expanding Islamic digital economy. The conference aims to become the exclusive expanding Islamic digital economy reference in the Muslim World and beyond. Facilitate business…
Malaysia is increasingly turning its focus towards environmentally friendly Islamic finance, with new product offerings looking to raise capital for sustainable development projects. On November 8 state-backed asset management firm Permodalan Nasional Berhad (PNB) unveiled a RM2bn ($512.7m), 15-year green sukuk (Islamic bond) to fund the development of its Merdeka PNB118 tower project. Merdeka…
Taking place in Kuala Lumpur between 19-22 March 2018, it will return with increased emphases on improving access to unsecured, non-collateral banks’ financing for SMEs across Asia; maximising SME Banks’ outreach to underserved segments through improved distribution both digitally & physically; as well as competitive strategies to meet SMEs’ combined needs for financial & non-financial…
The forum delegates will discuss, among other issues, latest developments in the Fintech world and creating business value through innovations in financial services. This gathering of committed stakeholders also offers a distinctive opportunity to deliberate on making financial technologies as one of the most critical tools for creating the "Corporate Malaysia world we want". In addition…
This event will bring all industry experts from regulatory authorities, Shariah scholars, bankers, legal practitioners, takaful operators, consultants and academics to share their views and opinions in developing the Islamic banking and finance industry. This year’s KLIFF 2017 will be October 3-4 and will attract more than 500 delegates. KLIFF 2017 is a premier and leading Islamic event regionally…
Ongoing reforms in Malaysia’s insurance industry should increase competition and cut premiums costs for consumers, though a flatter economy has seen revenues dip as the market adjusts to a newly liberalised operating environment. Beginning July 1, the second phase of reforms to gradually ease tariffs in the motor and fire insurance segments came into effect as part of a larger effort to liberalise…