Monday, 17 Aug 2020 04:40 PM MYT
“Being an offshore Islamic bank with a Chinese background, we are confident of contributing to the bilateral integration of Malaysia’s and the entire Islamic world, with the participation of China’s projects and investors,” he said in a statement today. “Islamic finance does not need to be a closed system. It can be developed into an open and dynamic financial market.
Meanwhile, Islamic green financing is also an important service that could help financial institutions adjust their balance sheets and optimise their economic capital to meet the requirements of the Basel III Accord. However, Islamic finance still has room for growth compared to the global financial market as its activities have been largely confined within Islamic countries.
In June 2019, APIB obtained the approval to have its Islamic window operation and it was allowed to operate the digital finance business two months later.