Frances Gagua
Economic crises can be avoided by using the Islamic financing paradigm
Economic crises can be avoided by using the Islamic financing paradigm
Financial system based on shariah, or Islamic law, is a better strategy than traditional finance in light of the recent difficulties in the global economy. The area of the global financial system with the quickest growth has been Islamic finance. Because of the high level of innovation that has kept up with the changing demands for financial products and services as economics continues to change and expand, this growth has also been in quality and depth. The increased availability of profit-loss sharing savings, investing, and other structured finance-based instruments is significant.
UOB unveils refreshed branding with new logo, seal mark
The bank will also be kicking off a regional brand campaign involving TV films and ads.
Weekly Global News Wrap: Citi to divest Mexico consumer arm via sale or IPO; Wells Fargo hires third-party race auditor
And China’s homeowners rush to offload mortgages.
Singapore’s digital bank Trust reaches 100,000 customers
Users were aged 18 to over 90 years old, Trust Bank said.
HDBank’s plan to buy unnamed “weak bank” to weaken loss buffers: Moody’s
Little is known about the target bank and what incentives Vietnamese authorities offer.
DBS unveils targets for decarbonisation, data coverage under net zero goal
It plans to reduce emissions from O&G sector by 28% in 2030.
Citi, Yahoo launch personal finance hub Life and Money
It is hosted on Yahoo Finance in Singapore.
Singapore’s wealthtech venture funding surge sevenfold in four years
More rich people, digital tools are behind the rise
Rising interest rates births more challenges for Asia's digital banks
Few manage to break even, and those that do are back by conglomerates.
How your business can get the most out of the metaverse
From the MTR’s launch of a ‘Web3’ (an internet service using decentralised blockchains) metaverse partnership with The Sandbox platform to K11 MUSEA’s METAVISION NFT showcase on HSBC’s Main Building façade back in June 2022, signs of metaverse are proliferating in our lives, and proliferating fast.
DBS buy virtual land at The Sandbox metaverse to create DBS BetterWorld
It will acquire a 3x3 plot of land to develop.
CIMB Singapore raises fixed deposit rate to up to 2.7% per annum
It’s available for 12 and 18 month periods.
Standard Chartered, MonetaGo launch service to avoid duplicate financing fraud
It is accessible via SWIFT’s global API.
Citi Philippines raises Home Credit’s facility to $14.3m
This is almost double the $7.36m it approved last May.
Citi names Aditya Sharma as Asia head of custody
He has spent 19 years with Citi.
E-Invoicing in Japan: Innovation Opportunities from a Treasurer’s Perspective
Electronic invoice (e-invoicing) is a system to digitize qualified invoices that are mandatory for the deduction of purchase tax under Japan’s qualified invoice system. This system is intended to provide an appropriate consumption tax credit for purchases in response to the multiple tax rates for a consumption tax in 2019, and is scheduled to be introduced in October 2023.
Singapore’s fintech funding hit three-year high for an H1 period, but fizzles from H2 2021
The funding was the highest for a first-half period since 2019, but 15% lower than in H2 2021
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