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Rakeez Capital lands US$2 million investment
IFN Fintech - 0
Saudi Islamic fintech company Rakeez Capital has raised U$2 million in seed capital in a round led by Core Vision Investments. The start-up will use the funding to develop its debt and investment offerings including incorporating artificial intelligence (AI) into its solutions.
Rakeez Capital obtains Shariah approval for Sukuk issuance platform
Vineeta Tan - 0
Saudi Arabia is an active Sukuk issuer, contributing to the US$178 billion issued last year. Moody’s Investors Service projects global Sukuk offerings to moderate to U$170—175 billion this year.
Rakeez Capital
IFN Fintech - 0
Authorized within the Fintech Laboratory of the Capital Market Authority to offer and invest in debt instruments
Raqamyah secures SAMA license to offer SME crowdfunding solutions
IFN Fintech - 0
Hot on the heels of debt crowdfunding platforms Forus and Tameed receiving their regulatory licenses, Raqamyah also obtained a full license from the Saudi Central Bank (SAMA) to serve the Kingdom’s SMEs.
Saudi Sukuk crowdfunding landscape expands with launch of new SME-focused platform
Emir Zainul - 0
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.