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The first, and only, fully-fledged Shariah compliant bank in Australia has surrendered its restricted banking license to the Australia Prudential Regulation Authority (APRA) due to struggles in raising the capital needed to maintain the hard-earned license, the neobank confirmed.

Saudi Arabia's Tahaluf Capital Company has received a Financial Technology Experimental Permit to test its equity crowdfunding platform from the Capital Market Authority.

In yet another move toward its Islamic metaverse ambition, IBF Net Group has launched Credence, a platform enabling the creation of Shariah compliant digital assets using non-fungible tokens (NFTs) on Algorand.

Australian Halal decentralized finance (DeFi) platform, Marhaba (MRHB), has partnered with crypto firm Masary Capital to provide Shariah compliant and ethical retail and institutional...

UAE-based FasterCapital has partnered with Halal Angels Network to support technology start-ups in the fields of artificial intelligence, blockchain, robotics, internet of things and...

Malaysian Islamic crowdfunding group Ethis has unveiled HASAN, a venture capital (VC) and accelerator program designed to support Halal start-ups in Southeast Asia and the GCC.

Estate planning is a major challenge in Malaysia, with the upper bound of frozen assets in the country estimated at RM90 billion (US$19.36 billion). ISFI, the sister publication of IFN Fintech, spoke to Ariffin Sabirin, the founder of Wasiyyah Shoppe, and Khairul Nisa Ismail, CEO of Sedania As Salam Capital, about how they are collaborating to address the estate planning challenge for Muslims with the Hibah instrument.

With a population exceeding 100 million, of which 67% are unbanked and underserved, Egypt faces the imperative of formulating a robust financial inclusion strategy centered around the adoption of financial technology.

Halogen Capital has officially launched its Halogen Shariah Bitcoin Fund, becoming Malaysia’s first licensed digital asset fund manager to provide investors exposure to crypto assets in a Shariah compliant manner.