Malaysia’s First Shariah-Compliant Digital Bank: Fasset Leverages Stablecoins for Halal Finance

Fasset, a Malaysian fintech firm, has received a provisional license to launch a digital bank operating under Islamic finance principles. This innovation combines the credibility of a global banking institution with the dynamism of a fintech start-up focused on halal banking practices. The license places Fasset within Malaysia’s regulatory sandbox and paves the way for the company to expand beyond its digital asset investment platform, offering full-service halal banking services.