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Wethaq

We are a team of technologists, lawyers and financial analysts that have come together to offer automation and standardisation solutions in sukuk capital markets

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...

Fintech in Saudi: How is the Kingdom faring?

Efforts from Saudi Arabia, one of the largest Islamic finance markets in the world, to nurture its fintech potential are paying off, as the Kingdom witnessed the number of fintech companies almost doubling, and funding into fintech companies growing by 11% this year.

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,...

DIFC FinTech Hive nurtures Islamic fintech start-ups through latest cohort

Two Islamic fintech start-ups have made the cut for the competitive DIFC FinTech Hive accelerator program’s Investor Day, which also showcased 15 other solutions,...

Sukuk fintech start-up receives greenlight to test investment platform in Saudi

A fintech start-up has gained a license from the Saudi regulator to design, launch and operate a digital platform facilitating offering and investment in...

Swiss-affiliated blockchain firm prepares to tap Islamic securitization market with Fatwa

An open-source public blockchain has secured a Fatwa affirming the Shariah integrity of its mechanisms, paving the way for blockchain-based Islamic financial transactions and...

Islamic fintech in 2020: A silver lining amid coronavirus storm

2020 is tumultuous to say the least. The global economy is kneecapped as countless industries continue to suffer from the ongoing coronavirus shock. As...

DIFC reaches fintech milestone

The Dubai International Financial Centre (DIFC) has grown the number of registered fintech firms by threefold since December 2018 to over 100 fintech firms....

Dubai stake claim to Islamic fintech hub title; DIFC Hive accepts largest Shariah fintech cohort

The Dubai International Financial Center (DIFC) has launched the third edition of its fintech accelerator program, welcoming its largest cohort yet. It also comprises...

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