Pakistan and Malaysia Partner on Blockchain and Islamic Finance

Pakistan and Malaysia have initiated discussions on blockchain, digital assets, and Islamic finance, marking a significant step towards regional cooperation in digital economies. Malaysia’s Foreign Minister Mohamad Bin Haji Hasan met with Bilal Bin Saqib MBE, CEO of the Pakistan Crypto Council (PCC), to explore opportunities for a Shariah-compliant digital finance framework.

The proposed Pakistan-Malaysia Digital Finance Partnership aims to establish FATF-compliant crypto regulations, setting a precedent for Organisation of Islamic Cooperation (OIC) member states. Key areas of focus include regulatory coordination, Web3 education, and talent development.

Bilal Bin Saqib emphasized the alliance between Malaysia’s leadership in Islamic finance and Pakistan’s growing influence in crypto regulation. The talks follow Binance founder Changpeng Zhao’s appointment as a Strategic Advisor to PCC, further boosting Pakistan’s role in digital assets. Formal agreements and pilot programs are expected as discussions progress between the two nations.