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Allied Bank partners with Western Union

News FlashIFN Fintech - 0
Pakistan's Allied Bank, which offers Islamic financial services, has collaborated with Western Union, enabling customers to conduct international money transfers with 75...
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Ajman Bank integrates UAE PASS

News FlashIFN Fintech - 0
Ajman Bank has integrated UAE PASS, the national digital identity for UAE citizens and residents that enables them to digitally sign documents,...
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Tabung Haji goes digital

News FlashIFN Fintech - 0
Malaysia's Hajj fund board Lembaga Tabung Haji (TH) has launched the THiJARI smartphone application on the 5th October 2020 in an effort...
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Boubyan Bank and FinFin Capital collaborate  

News FlashIFN Fintech - 0
Boubyan Bank has signed a partnership agreement with FinFirst Capital as part of the bank’s strategy of investing in digital banking services’...
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Principal Global Investors to launch mobile app

News FlashIFN Fintech - 0
Principal Global Investors, based in the US, is looking to launch a mobile app under the ‘Young Hajj’ program in Indonesia to help...
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Alternative Finance

Company Spotlight

Orpheus Capital: Alternative digital finance for the underbanked

Jevitha Muthusamy - 0
Orpheus Capital was established in June 2020 aiming to serve underbanked SMEs by providing swift access to cash flow.
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Saudi’s e-commerce boom attracting Shariah compliant fintech start-ups

Editor's Pick Vineeta Tan - 0
The Saudi government’s aggressive push to develop its e-commerce sector for its cash-rich citizens in a bid to divorce itself from its...

Fintech start-up cashew ready to tap Saudi and UAE markets with Muslim-friendly offering

Report Vineeta Tan - 0
Two years in the making and US$5 million invested, digital finance platform cashew (Cashew Payments Technology) has finally launched in Saudi Arabia...

Manzil exceeds equity financing target; rolls out new product

Report Vineeta Tan - 0
Canadian fintech start-up Manzil is maintaining its steady growth momentum with new investments and a new product. Initially looking...

Blockchain & Cryptocurrency

Editor's Pick

Sophomore Indonesian micro smart Sukuk in the works

Nessreen Tamano - 0
In October 2019, a Yogyakarta-based Islamic microfinance cooperative broke new ground with its primary Sukuk issuance on blockchain using Blossom Finance’s SmartSukuk...
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Swiss-affiliated blockchain firm prepares to tap Islamic securitization market with Fatwa

Report Vineeta Tan - 0
An open-source public blockchain has secured a Fatwa affirming the Shariah integrity of its mechanisms, paving the way for blockchain-based Islamic financial...

Blockchain Sukuk facility delivers 15.5% gross return

News Flash IFN Fintech - 0
Islamic cooperative KSPPS BMT Bina Ummah’s IDR715 million (US$48,671.9) one-year Sukuk Mudarabah facility, issued via Blossom Finance’s SmartSukuk platform, has generated a...

Bursa Malaysia to develop blockchain POC

News Flash IFN Fintech - 0
Bursa Malaysia and Singapore’s fintech technology provider Hashstacs have teamed up to develop a blockchain proof-of-concept (POC) to facilitate the growth of...

Most Popular

Singaporean BaaS platform targets Halal market

Report Vineeta Tan - 0
Driven by strong client demand, RootAnt, a Singapore-based technology enabler of the Banking-as-a-Service (BaaS) technology, will be introducing Shariah fintech solutions for...
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Orpheus Capital: Alternative digital finance for the underbanked

Company Spotlight Jevitha Muthusamy - 0
Orpheus Capital was established in June 2020 aiming to serve underbanked SMEs by providing swift access to cash flow.
Read more

Beyond basic banking: Insha secures seed funding; plans expansion and Islamic investment product debut

Editor's Pick Vineeta Tan - 0
After providing basic banking services for the last two years, Germany’s only digital Islamic bank will be rolling out Shariah compliant investment...
Read more

ADIB eyes robo-advisory

Report Vineeta Tan - 0
One of the largest Islamic banks in the UAE is exploring robo-advisory offerings as part of its wider digital strategy which has...
Read more

Saudi’s e-commerce boom attracting Shariah compliant fintech start-ups

Editor's Pick Vineeta Tan - 0
The Saudi government’s aggressive push to develop its e-commerce sector for its cash-rich citizens in a bid to divorce itself from its...
Read more

Digital banking

Report

Singaporean BaaS platform targets Halal market

Vineeta Tan - 0
Driven by strong client demand, RootAnt, a Singapore-based technology enabler of the Banking-as-a-Service (BaaS) technology, will be introducing Shariah fintech solutions for...
Read more

ADIB eyes robo-advisory

Report Vineeta Tan - 0
One of the largest Islamic banks in the UAE is exploring robo-advisory offerings as part of its wider digital strategy which has...

UK’s largest Islamic bank to boost digital offerings

Report Vineeta Tan - 0
UK’s first Islamic bank will be enhancing its digital offerings, encouraged by the strong uptake in digital channels by its customers.

SIBL first Islamic bank to implement digital onboarding; more to follow

Report Vineeta Tan - 0
Social Islami Bank (SIBL) has become the first Shariah bank in Bangladesh to enable a fully digital onboarding experience, setting the foundation...

Regulations

Report

Going live: Pakistan to test non-banking fintech solutions in sandbox

Vineeta Tan - 0
Almost eight months in the making, the Securities and Exchange Commission of Pakistan (SECP) is finally allowing its first cohort to test...
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Iran’s new capital market taskforce to address tech infrastructure

Report Vineeta Tan - 0
Iran’s newly minted Capital Market Consultative and Advisory Taskforce, established by the Iranian Securities and Exchange Organization (SEO), will house a dedicated...

Egypt to set up fintech regulatory sandbox following approval of non-banking fintech draft law

Editor's Pick Vineeta Tan - 0
Egypt’s Financial Regulatory Authority (FRA) has approved a draft law to develop and regulate fintech in non-banking activities, just weeks after forming...

Indonesian regulator appoints new Islamic fintech gatekeeper to develop industry

Report Jevitha Muthusamy - 0
The Indonesian Shariah Fintech Association (AFSI) has been appointed by the regulator to assist with developing Islamic fintech in Indonesia. AFSI has...

P2P & Crowdfunding

Report

ALAMI joins hands with Islamic bank to support MSMEs

Vineeta Tan - 0
Islamic peer-to-peer financing platform Alami Fintek Sharia (ALAMI) has partnered with Bank Syariah Mandiri to provide SME financing nationwide.
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Bank Muamalat Malaysia unveils digital social financing platform

Report Vineeta Tan - 0
Bank Muamalat Malaysia has launched a digital funding platform designed to support social welfare projects, as part of the country’s value-based intermediation...

Ethis Group launches crowdfunding platform

News Flash IFN Fintech - 0
Ethis Group has launched its first Shariah compliant equity crowdfunding platform in Malaysia, focusing on SMEs and the agricultural sector during its first year. There...

Egypt to set up fintech regulatory sandbox following approval of non-banking fintech draft law

Editor's Pick Vineeta Tan - 0
Egypt’s Financial Regulatory Authority (FRA) has approved a draft law to develop and regulate fintech in non-banking activities, just weeks after forming...

trading & investment

Editor's Pick

Beyond basic banking: Insha secures seed funding; plans expansion and Islamic investment product debut

Vineeta Tan - 0
After providing basic banking services for the last two years, Germany’s only digital Islamic bank will be rolling out Shariah compliant investment...
Read more

Tabung Haji goes digital

News Flash IFN Fintech - 0
Malaysia's Hajj fund board Lembaga Tabung Haji (TH) has launched the THiJARI smartphone application on the 5th October 2020 in an effort...

Australian fintech forex broker launches Islamic account

News Flash IFN Fintech - 0
ACY Securities, a fintech-based forex broker headquartered in Sydney, Australia, has announced in a statement the worldwide release of its new swap-free...

Blockchain Sukuk facility delivers 15.5% gross return

News Flash IFN Fintech - 0
Islamic cooperative KSPPS BMT Bina Ummah’s IDR715 million (US$48,671.9) one-year Sukuk Mudarabah facility, issued via Blossom Finance’s SmartSukuk platform, has generated a...

robo-advisory

Report

ADIB eyes robo-advisory

Vineeta Tan - 0
One of the largest Islamic banks in the UAE is exploring robo-advisory offerings as part of its wider digital strategy which has...
Read more

Egypt to set up fintech regulatory sandbox following approval of non-banking fintech draft law

Editor's Pick Vineeta Tan - 0
Egypt’s Financial Regulatory Authority (FRA) has approved a draft law to develop and regulate fintech in non-banking activities, just weeks after forming...

Wahed recruits investment banking veteran to lead Dubai operations

Report Vineeta Tan - 0
After an extensive career on Wall Street and in the Middle East, Kashif Khan has joined digital investment management start-up Wahed Invest.

DIFC invests in Islamic fintech

News Flash IFN Fintech - 0
The Dubai International Financial Centre (DIFC) has invested in four fintech start-ups including two which offer Shariah compliant services — remittance platform...

Payments

News Flash

Allied Bank partners with Western Union

IFN Fintech - 0
Pakistan's Allied Bank, which offers Islamic financial services, has collaborated with Western Union, enabling customers to conduct international money transfers with 75...
Read more

First Abu Dhabi Bank boosts payment services with new fintech partnership

Report Vineeta Tan - 0
The UAE’s largest bank has partnered with a fintech start-up to roll out a Buy-Now-Pay-Later solution, expanding payment and financing options for...

Saudi Islamic bank secures license for payment company

Report Vineeta Tan - 0
Alinma Bank, one of the four fully-fledged Islamic banks in Saudi Arabia, has obtained a regulatory license for its payment company, AlinmaPay,...

Arab Sea to establish digital company

News Flash IFN Fintech - 0
Software and computer services company Arab Sea Information Systems has received the approval of its board of directors to establish a limited...

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