KUALA LUMPUR, MALAYSIA / ACCESSWIRE / December 21, 2021 / Greenpro Capital Corp. (NASDAQ:GRNQ) today announced it had signed an Engagement Agreement with International Shariah Research Academy (“ISRA”) for the Islamic Finance development with the establishment of Digital Asset Exchange and NFT marketplace in the ASEAN region. ISRA will play a critical role in facilitating Greenpro’s clients throughout the Asia-Pacific region to align with international Shariah Compliant standard.
Greenpro signed a Public-Private Partnership (“PPP”) Investment Agreement with IHTHS Corporation back in August 2021, under the witness of BIMP-EAGA Business Council, to set up a Shariah Compliant Digital Finance & Economic Zone, and to fulfil BIMP-EAGA’s initiative to drive innovation-based development, and to facilitate and promote the development of Shariah Compliant Digital Finance Centre.
According to S&P Global Ratings, the $2.2 trillion Global Islamic finance industry is expected to grow 10% – 12% over 2021-2022 due to increased Islamic bond issuance and a modest economic recovery in the main Islamic finance markets.
Greenpro CEO, Dr. Lee said, “We are strongly confident to establish the Shariah Compliant Digital Asset Exchange within a short period of time by replicating the system already operating in our existing CryptoSX Digital Assets Exchange. With our extensive experience in Security Token Offering (‘STO”), we can help our incubated companies to gain access to alternative regulated fundraising platforms.”
About ISRA
ISRA was established in 2008 by the Central Bank of Malaysia as an Islamic finance and Shariah-related research institution. An ICD Thomson Reuters study in 2014 estimated that 6.2% of global Islamic finance research was contributed by ISRA, with over 200 Shariah research projects, publications that include textbooks, journals and research papers that…
