Asia Pacific Investment Bank to Support the Development of Malaysia’s Islamic Finance Industry

August 18, 2020 | Updated at August 19, 2020

Asia Pacific Investment Bank (APIB), an offshore Islamic bank based in Malaysia, stated it has plans to develop Malaysia’s Islamic finance industry, working together with domestic financial institutions.

APIB’s Chief Executive Officer, Chris Wang, expressed confidence in APIB’s ability to support the bilateral integration of Malaysia and the rest of the Islamic world with investors and projects from China. Wang noted that the trade war between the United States of America and China (US-China), together with COVID-19, has led to a challenge for the Government of Malaysia to leverage on its strengths and come out with a new round of economic stimulus packages to revive the economy.