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Bank Alfalah gets greenlight to acquire stake in Islamic BNPL Qist Bazaar

The Competition Commission of Pakistan (CCP) has approved Bank Alfalah's plan to acquire a 7.2% stake in Shariah compliant buy-now-pay-later (BNPL) fintech start-up Qist Bazaar in a PKR140 million (US$502,950) deal, marking the lender’s foray into the venture capital space.

Hejaz acquires stake in Islamic Bank Australia to drive digital ambitions

Australian Islamic finance provider Hejaz Group has taken one step closer to its goal of offering a holistic range of products and services with its latest investment in the country's lone fully-fledged Islamic bank.

Abhi acquires stake in UNSL

Financial wellness platform Abhi has acquired a stake in cargo forwarder Universal Network Systems (UNSL) that comprises 2.74 million shares in the company, according...

Bank Alfalah to acquire stake in QistBazaar

Pakistan's Bank Alfalah is acquiring a 7.2% equity stake in QistBazaar and will also be an embedded lending partner for the e-commerce platform, with a total investment of PKR500 million (US$1.76 million), a Facebook post read.

e& enterprise to acquire majority stake in Beehive

e& enterprise, a subsidiary Emirates Telecommunications Group (better known as etisalat by e&), is acquiring a majority stake in Dubai-based P2P finance platform Beehive, which offers Shariah compliant products.

SHUAA Capital gains controlling stake in financial digital aggregator Souqalmal

HUAA Capital, a prominent asset manager in the Islamic finance space, has acquired a controlling stake in financial comparison platform Souqalmal, deepening the firm’s fintech investment play.

Stake

Stake is a digital platform providing the easiest and most transparent way to invest in properties.

Industry stakeholders form consortium to spearhead Islamic fintech development in Malaysia

A Malaysian consortium comprising representatives from various industry organizations, the government, academia and civil society has set up a dedicated program to foster Islamic...

IsDB unveils digital matchmaking platform to connect market stakeholders

The Islamic Development Bank (IsDB) has launched a digital matchmaking platform in its endevour to facilitate holistic ecosystem development, value chain integration and market...

Malaysian Islamic fintech stakeholders have determined nine strategic priority areas

All nine strategic priority areas were drafted based on the input given by the decision-makers and leaders from the Islamic finance industry, including the...

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