Tuesday, May 21, 2024

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Rize is PropTech company aiming to revolutionize the real estate rental journey

SAMA authorizes new companies to boost fintech services

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

Rize to fully migrate to AWS to support Islamic digital banking solutions

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

Rize partners with Incitement to support charities

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

Southeast Asian Islamic fintech start-ups and founder win Emerging Leader Prize and Impact Challenge Prize

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

First time in IsDB Prize for Impactful Achievement in Islamic Economics history, Islamic fintech start-ups take top spots

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

Investree’s Shariah business still up in the air despite remaining bullish on Indonesia

Despite its recent scandals, including alleged fund misappropriation by its previous CEO and high loan defaults, P2P platform Investree remains optimistic on the Indonesian market as it works on accessing its Series D funding, the start-up told IFN Fintech. Investree’s plan to re-enter the Islamic finance segment, however, remains unknown.

Algbra powering banking support for Shoal

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...

Rakeez Capital lands US$2 million investment

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.

Islamic Bank Australia gives up banking license as capital-raising challenge mounts

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.

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