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Funding Souq
IFN Fintech - 0
Funding Souq connects investors with established SMEs who are looking to borrow funds and grow their operations. Investors can finance a wide range of...
Saudi crowdfunding platform to focus on Islamic financing with latest seed round
The thriving Saudi Shariah compliant financing sector can expect to welcome a new player: Funding Souq, a homegrown digital lending platform that has recently closed a successful seed round, which is hoped to support its transition to more Islamic financial transactions.
MRHB DeFi inching toward e-wallet launch following successful funding rounds
Vineeta Tan - 0
Marhaba Network (MRHB DeFi) is keeping busy raising funds, listing its token and preparing to roll out a new product.
FlexxPay closes US$3 million funding round
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...
Islamic fintech: Alternative financing for SMEs
IFN Fintech - 0
SMEs play a vital role in developed and developing countries and are major contributors to job creation and growth. According to the World Bank,...
Pakistani Islamic fintech start-up closes US$17 million Series A round
Vineeta Tan - 0
Pakistan-based Abhi, which offers Shariah compliant digital financial services, has raised US$17 million in Series A funding, bringing its valuation to US$90 million.
SHUAA rolls out new Islamic venture fund for tech companies
High-growth technology companies across the GCC region can expect a boost in capital funding with the launch of SHUAA Capital’s latest Shariah compliant fund, SHUAA Venture Partners.
Tabby wins Shariah approval stamp for BNPL service
Vineeta Tan - 0
Buy-now-pay-later (BNPL) platform Tabby has secured a Fatwa certifying the Shariah compliance of its solution in Saudi Arabia.
Islamic fintech companies collaborate to build charity ecosystem
Vineeta Tan - 0
An Islamic crowdfunding platform and a Halal payment gateway have joined hands in a partnership ensuring end-to-end Shariah social financing.
GlobalSadaqah, operated by Ethis...
Bahrain grants UAE fintech company license as part of (Islamic) insurance digitalization agenda
Vineeta Tan - 0
In the short two months since the Bahraini regulator released draft rules on insurance aggregators, the Kingdom’s apex bank has extended an e-broker license...