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Saudi Sukuk crowdfunding landscape expands with launch of new SME-focused platform

Two years after receiving a financial technology experiment permit (FinTech ExPermit) from the Saudi Capital Market Authority (CMA) in 2020, Mudaraba Financial Company (MFC) has officially launched its Sukuk crowdfunding platform, which issues Sukuk on behalf of MSMEs as an alternative financing tool utilizing capital market instruments.

Digital Sukuk gaining increasing mainstream attention

A fintech start-up in Saudi Arabia has engaged a Shariah advisor to monitor and certify the Shariah integrity of its automated Sukuk issuance platform,...

Canadian tokenization platform in advanced stages of securing license

IFN Fintech has learned that Canadian tokenization platform Al Mabrook Financial is in the “final stages” of securing a license in El Savador, just as it gained Shariah approval for its business model.

World Islamic Fintech Awards 2019: Strength in diversity

After a global call for nominations and a lengthy deliberation process, IFN Fintech is pleased to reveal the winners of the prestigious World Islamic...

Islamic microfinance cooperative issues micro smart Sukuk in world’s first primary Sukuk offering on public blockchain

Breaking new ground and highlighting the trend of digital innovation and social impact finance within Islamic capital markets, BMT Bina Ummah, a Yogyakarta-based Islamic...

WIFA 2018: Honoring the very best of Islamic fintech

After weeks of a gruelling process involving screening, discussions and deliberations by our independent Awards Board, IFN Fintech is proud to announce the winners...

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