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ITFC, Asia Alliance Bank Ink $10 Million Deal to Boost Private Sector in Uzbekistan
According to a statement by ITFC, this line of funding will specifically address import and pre-export requirements for private sector clients, including SMEs, in Uzbekistan.
- Categories
- Investing
- Region
- Europe & Eurasia
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AEON Bank Set to Become Malaysia’s First Islamic Digital Bank
AEON Bank’s foray into digital banking aims to provide secure and efficient financial services to customers in Malaysia.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- fintech, Islamic finance, lending
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Islamic Development Bank and World Bank Partnering to Drive Impact
The partnership is expected to support joint operations that could involve up to $6 billion in financing through 2026.
- Categories
- Investing
- Region
- Global
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Malaysia’s reNIKOLA Seeks up to $438 Million for Renewable Energy Projects
Uptake of renewable power is rising quickly in South and Southeast Asia as their booming economies grapple with power cuts due to a weak power grid and climate change.
- Categories
- Energy, Technology
- Region
- South Asia
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Islamic Bank Approves $1.8 Billion to Finance Nigerian Projects
The Islamic Development Bank has sanctioned $1.8bn to finance several key projects in Nigeria.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Indonesia issues world’s first blockchain sukuk
Indonesian Islamic microfinance cooperative BMT Bina Ummah has raised 710 million rupiah ($50,000) through the world's first primary sukuk issuance on a public blockchain and also the world's first micro sukuk.
- Categories
- Finance
- Region
- South Asia
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A Landmark Impact Investment: Could This Innovative Experiment with Islamic Finance Provide a Model for Both Sectors?
Impact investing and Islamic finance are two segments of the socially responsible finance spectrum that rarely intersect – despite having much in common. But according to Umar Moghul, a transactional lawyer with experience in Islamic law, a recent impact investment by Mission Driven Finance in Somali Family Service of San Diego offers an example of how the two sides can come together to boost their mutual impact.
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This Is How Indonesia’s First Sharia-Fintech Company Closed Its Pre-Seed Funding
While announcing the fund raise, Dima Djani, founder and CEO of ALAMI, said, “Tryb’s Southeast Asian fintech expertise provides strong validation of our business model and key support for our growth plans.”
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- fintech, Islamic finance