Tuesday, December 12, 2023

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Funding Souq

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

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

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

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

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

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

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

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...

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