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CDF partners with Lendo and Sukuk Capital

The Cultural Development Fund (CDF) has partnered with Islamic P2P firm Lendo and Sukuk Capital to provide financing to enhance the sustainability of Saudi...

Sukuk Capital

The first financial technology company to offer corporate sukuk and enable investors to invest in it

Rakeez Capital obtains Shariah approval for Sukuk issuance platform

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.

Iran Fara Bourse eyes blockchain Sukuk following launch of capital market initiatives

Iran Fara Bourse (IFB), which operates under the supervision of the Securities and Exchange Organization and is one of the four exchanges in Iran,...

Wethaq Capital Markets expects to arrange first Saudi DLT Sukuk this year

Wethaq Capital Markets is gearing up to arrange the pilot digital Sukuk issuance coming out of Saudi Arabia using its distributed ledger technology (DLT) by the fourth...

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.

ABHI taps Sukuk market to aid Middle East expansion

ABHI, an Islamic fintech company focused on providing payroll and wage solutions for businesses and their employees in Pakistan, has issued Sukuk worth PKR2 billion (US$6.93 million).

Nigerian fintech Moove taps Sukuk market to fund growth

Mobility fintech start-up Moove has raised US$30 million from its debut Sukuk offering to build the largest electric vehicle (EV) ride-hailing fleet in MENA,...

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,...

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