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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.

SME digital finance platform Funding Societies has partnered with Malaysia’s Halal Development Corporation (HDC) to improve the Halal sector’s access to Shariah compliant digital financing facilities.

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.

Malaysia Digital Economy Corporation (MDEC) has signed an MoU with Halal Development Corporation (HDC) to encourage the development of Halal digital technology, such as the Halal Assurance System and Halal Traceability, and to increase digital adoption levels among entrepreneurs and SMEs.  

Telr, an online payment gateway, and FlapKap, a financing platform focused on the MENA region, have partnered to offer Shariah compliant revenue-based financing to Telr merchants and SMEs.

Pan-Asian venture capital (VC) firm Gobi Partners has signed an MoU with HSBC to support, among others, tech start-ups focusing on serving the Muslim community and Islamic economy.

Al Mabrook, a blockchain tokenization platform based in Ontario, is considering seeking an exempt market dealer (EMD) license from the Canadian securities regulator as part of its growth strategy to bring Halal blockchain-based funding and investment solutions to the North American market, IFN Fintech has learned.  

IBF Net, the company behind the first Halal metaverse, Netverse, is building a virtual education city as part of its growth strategy.