Brunei Set to Build Shariah-Compliant Digital Finance and Economic Zone

On the 2nd of August 2021, Hong Kong-based Greenpro Capital announced that it had signed a Public and Private Partnership (PPP) Investment Agreement with The International Halal Trade Hub & Service (IHTHS) Corporation, with the witness of the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) Business Council.

Why it Matters?

The objective of this agreement is to build a Shariah-compliant Digital Finance and Economic Zone in Brunei, to meet BIMP-EAGA’s initiative of driving innovation-based development and to also facilitate and promote the development of a Shariah-compliant Digital Finance Centre. The new Zone will facilitate high speed economic growth while keeping focused on environmental, social and governance (ESG...