by: xpoolPosted on:

Tokenization Revolutionizes Islamic Finance in Asia

Asia is spearheading a wave of innovation by integrating tokenization into Islamic finance, transforming Shariah-compliant instruments like sukuk. Malaysia’s KLDX exchange issued the first tokenized Islamic investment note in 2024, marking a major milestone. This breakthrough has opened doors for broader access to these financial products and addressed historical challenges with illiquidity. Malaysia’s Securities Commission and Bank Negara are actively shaping regulatory frameworks that support this development, alongside efforts from Khazanah Nasional Berhad which is boosting institutional interest in tokenized bonds. ]

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