Fasset, a UAE-based digital assets platform, has received regulatory approval to launch an Islamic digital bank in Malaysia, powered by stablecoins. This marks a significant strategic expansion for the company and could revolutionize ethical financial services across Asia and Africa, particularly in underbanked regions. Malaysia’s nod follows Fasset’s successful launches in other countries like the UAE, Indonesia, Turkey, Bahrain, and Pakistan, demonstrating their focus on expanding digital service access while maintaining a clear focus on Shariah-compliant practices. This move could attract institutional interest, leading to stronger partnerships with banks and telecom providers, thereby enhancing the overall financial ecosystem.