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Malaysia’s largest airline is no stranger to financial services, having forayed into fintech in 2018 as part of its diversification strategy. It is now flexing its fintech muscles again with a new (Islamic) financial marketplace on its super app.

In the last month, Indonesia and Malaysia have taken decisive measures to quell money laundering and terrorism financing concerns spurred on by the unprecedented...

Indonesian Islamic challenger bank Hijra is working on multiple new offerings including a cash Waqf-linked deposit product and a P2P Qard-based offering, Group CEO Dima Djani tells IFN Fintech.

Jurisdictions with Islamic banking systems could be more vulnerable to deposit disintermediation with the issuance of central bank digital currencies (CBDCs), according to the IMF in its recently issued working paper titled ‘Monetary Policy Implications of Central Bank Digital Currencies: Perspectives on Jurisdictions with Conventional and Islamic Banking Systems’.

Shariah compliant digital exchange CoinMENA has partnered with Batelco Financial Services’s Beyon Money give users nationwide the chance to earn up to 5% cashback when depositing money into their CoinMENA crypto assets wallets, a first of its kind service in the region, the exchange said.

Equity Solutionz, a company focusing on tax, audit, accounting and information technology solutions, announced that it has signed an MoU with global Islamic finance consulting firm Fineopolis to collaborate in their respective areas of expertise. Fineopolis is a Shariah advisory group based in Dubai, the UAE with a focus on sustainable development goals.

E-wallet eTijar set to tap Nigeria’s nascent Islamic finance industry

MALAYSIA: With online payments surging during the pandemic, the Malaysian regulator is taking measures to regulate e-money, including within an Islamic finance context. Malaysians have...