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Eiger welcomes new board director

News FlashIFN Fintech - 0
Fintech company Eiger Trading Advisors has appointed Steve Moulder as a non-executive board director effective the 15th March 2021. Moulder has 41 years of...
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Beneficent and Manzil collaborate

News FlashIFN Fintech - 0
Beneficent, a non-profit organization providing interest-free financing, has partnered with Islamic fintech start-up Manzil to launch interest-free prepaid credit cards with cashback rewards to...
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Manzil joins AAOIFI

News FlashIFN Fintech - 0
Manzil has received an associate membership approval from AAOIFI, according to a press release. As a member of AAOIFI, Manzil will assist AAOIFI in...
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Saudi licenses new robo advisor

News FlashIFN Fintech - 0
The Capital Market Authority of Saudi Arabia has granted DFN Road Company a financial technology experimental permit (ExPermit) to experiment with robo-advisory service. The...
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FWD Affiliate to include online plans

News FlashIFN Fintech - 0
As at the end of October 2020, FWD Affiliate, an initiative by Malaysia's FWD Takaful to raise public awareness of Takaful while offering an...
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Alternative Finance

New Islamic financing platform for Malaysian credit companies

Vineeta Tan -

Beneficent and Manzil collaborate

News Flash IFN Fintech - 0
Beneficent, a non-profit organization providing interest-free financing, has partnered with Islamic fintech start-up Manzil to launch interest-free prepaid credit cards with cashback rewards to...

IAP forms ECF alliance to serve wider range of fund seekers

Editor's Pick Vineeta Tan - 0
With stringent compliance criteria preventing it from serving high-growth start-ups and young businesses, Islamic multibank investment platform IAP Integrated has formed an alliance with...

FlexxPay closes US$3 million funding round

Editor's Pick Vineeta Tan - 0
Following a string of successful Islamic fintech funding deals, Islamic alternative finance company FlexxPay has raised US$3 million in a pre-series A round, supporting...

Blockchain & Cryptocurrency

Abu Dhabi joins multinational central bank digital currency initiative

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Iran Fara Bourse eyes blockchain Sukuk following launch of capital market initiatives

Editor's Pick Nessreen Tamano - 0
Iran Fara Bourse (IFB), which operates under the supervision of the Securities and Exchange Organization and is one of the four exchanges in Iran,...

Islamic crypto exchange community grows with addition of another Bahraini licensed platform

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Another Islamic cryptocurrency exchange joins the exclusive circle of fully licensed and operating digital assets exchanges globally, adding another feather to Bahrain’s Islamic fintech...

Islamic social cryptos underway as part of Malaysian–Singaporean partnership

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Singapore-headquartered Algorand and Kuala Lumpur-based IBF Net will be joining forces to engineer and launch to market a range of blockchain-based solutions including social...

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Digital banking

Walking the talk: Dukhan Bank builds digital transformation promise

Vineeta Tan -

Bank Islam: Digital transformation in pursuit of public listing

Editor's Pick Vineeta Tan - 0
In preparation to becoming Malaysia’s first public-listed Islamic bank, Bank Islam Malaysia (BIMB) is sparing no effort and has decidedly taken a digital pivot...

Codebase Technologies forges alliance with Union of Arab Banks

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Hot on the heels of its alliance with London-based Payment Components, Codebase Technologies (CBT) has forged another partnership amid an aggressive expansion plan. The most...

Bank Islam’s partnership with digital app TheNoor could boost Shariah financial services

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As the Islamic finance industry becomes even more competitive driven by fintech, incumbent financial institutions are compelled to become more creative in expanding their...

Regulations

Central Bank of Iran paves way for Islamic e-micropayments

Vineeta Tan -

Islamic fintech and digitization – integral part of Indonesia’s 2021-25 masterplan

Editor's Pick Vineeta Tan - 0
The Indonesian financial regulator is preparing to engineer a holistic Islamic financial product ecosystem which includes digitizing Shariah instruments and rolling out new supporting...

Open banking and debt crowdfunding: Saudi takes action

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The Central Bank of Saudi Arabia (SAMA) has finalized regulations for debt crowdfunding activities following a six-month market consultation period initiated in July 2020,...

Indonesia embraces securities crowdfunding as it turns to tech to develop capital markets

Editor's Pick Vineeta Tan - 0
Starting 2021 on a productive note, the Indonesian Financial Services Authority, Otoritas Jasa Keuangan (OJK), has officially introduced securities crowdfunding to the Republic as...

P2P & Crowdfunding

IAP forms ECF alliance to serve wider range of fund seekers

Vineeta Tan -

Saudi SMEs poised for new Islamic financing options as fintech start-up secures investment

Report Nessreen Tamano - 0
Saudi fintech and peer-to-peer (P2P) lending platform Raqamyah has secured a US$2.3 million investment round that is expected to support its Islamic financing offerings...

CapBay closes US$20 million Series A round

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Kuala Lumpur-based digital supply chain financier CapBay has secured US$20 million in Series A funding from a Singaporean venture capital (VC) firm which will...

Open banking and debt crowdfunding: Saudi takes action

Report Vineeta Tan - 0
The Central Bank of Saudi Arabia (SAMA) has finalized regulations for debt crowdfunding activities following a six-month market consultation period initiated in July 2020,...

trading & investment

Eiger welcomes new board director

IFN Fintech -

New Islamic financing platform for Malaysian credit companies

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Kuala Lumpur-based Sedania As Salam Capital (SASC) is expanding its tech repertoire with a new platform to support Shariah compliant credit companies. Known as GoHalal...

New commodity Murabahah platform enters the market

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The world’s largest interdealer broker is making its presence felt in the Islamic finance world through its subsidiary Tullett Prebon which has entered the...

Fintech start-ups new opportunity for commodity Murabahah broker as transaction volume from banks dips

Editor's Pick Vineeta Tan - 0
Commodity Murabahah business from traditional Islamic financial institutions may have taken a hit due to the pandemic, but for broker Eiger Trading Advisors, this...

robo-advisory

SSC Capital prepares to unveil Tanzania’s first Islamic robo-advisor in Q1

Jevitha Muthusamy -

Sarwa upgrades infrastructure to support growth strategy

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Robo-advisor Sarwa has rolled out Sarwa X, an upgraded version of Sarwa Classic, with enhancements facilitating more efficient funding and investment processes as the...

Saudi licenses new robo advisor

News Flash IFN Fintech - 0
The Capital Market Authority of Saudi Arabia has granted DFN Road Company a financial technology experimental permit (ExPermit) to experiment with robo-advisory service. The...

ADIB eyes robo-advisory

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One of the largest Islamic banks in the UAE is exploring robo-advisory offerings as part of its wider digital strategy which has so far...

Payments

Islamic fintech companies to drive Malaysia’s first digital banking consortium

Nessreen Tamano -

Walking the talk: Dukhan Bank builds digital transformation promise

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In October 2020, when Barwa Bank unveiled its new brand identity — Dukhan Bank — following its merger with the International Bank of Qatar,...

QIB boosts corporate banking digital capabilities

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Qatar Islamic Bank (QIB) has rolled out another digital product targeting its corporate clients as it works toward fully digitizing its suite of corporate...

Codebase Technologies expands open banking capabilities

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Open banking solutions provider Codebase Technologies, which services the Islamic banking industry, is expanding its payment capabilities by partnering with PaymentComponents as the two...

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