Asia Pacific Investment Bank to launch new Islamic digital finance fund
Asia Pacific Investment Bank (APIB) will be launching an Islamic digital finance fund in Malaysia to invest in shariah-compliant financial technology (fintech) start-ups. The fund will be launched in collaboration with OUD Asset Management, a boutique fund management company. APIB director Datuk Foo Yong Hooi said the bank also collaborates with Ripple to explore ways to facilitate cross-border transactions more efficiently. According to Foo, the collaboration with OUD is very important now as the financial industry is adopting digital transformation at a pace faster than ever before, and this fund would be able to support the digital economy transformation of Malaysia.
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