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Saudi Central Bank (SAMA) has licensed two insurance aggregation companies and a new finance aggregation firm.

Rize, the digital bank of Al Rajhi Bank Malaysia, will migrate its IT infrastructure to Amazon Web Services (AWS).

Rize, Al Rajhi Bank Malaysia's launched Islamic digital bank, has partnered with charity platform Incitement.

Bank Negara Malaysia (BNM) and Securities Commission Malaysia (SC) have awarded the inaugural Impact Challenge Prize to Indonesia’s duithape and Malaysia-based Pod and concurrently presented Islamic fintech entrepreneur Umar Abdullah Mahmud Munshi with the Impact Challenge Prize

Two crowdfunding platform have been recognized at an international level by the Islamic Development Bank (IsDB) for their impact on Islamic economies in 2021.

UK-based Shariah compliant fintech Algbra has commenced work on providing digital banking support for Shoal, the sustainable finance platform linked to Standard Chartered Bank...

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.

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.

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.