Saturday, April 13, 2024

Airo Malaysia seeing “promising initial performance”...

Robo-advisory platform Airo Malaysia recently launched its Shariah compliant portfolio to fulfil the increasing demand for investments aligned with...

Multi-asset fundraising platform launches inaugural tokenized...

Kapital DX, touted as the first initial exchange offering platform in Malaysia, has launched its inaugural product: a tokenized primary offering of a Shariah compliant fixed income product issued by a local healthcare solutions company.

New York-based Shariah gold token lists...

A precious metals mining and blockchain development company has secured the greenlight to list its gold-backed Shariah compliant security token on Green-X, marking its expansion into the Asian and Middle Eastern markets.

SIDB secures license

SAUDI ARABIA: Smart Interaction for Digital Brokerage (SIDB) has received a license from the Saudi Central Bank to offer...

Junaid Wahedna makes way for new...

Wahed has appointed Mohsin Siddiqui to succeed Junaid Wahedna, the founder of Wahed, as the company’s CEO.

Malaysian Islamic fintech aspirant partners with...

Capital A, formerly known as AirAsia Group, has collaborated with Ant International through its digital arm to explore synergies in digital payments and MSME fintech solutions.

Fasset to use UAE as springboard...

Digital asset exchange Fasset has finally launched its app in the UAE five months after it secured Dubai’s first Virtual Asset Service Provider (VASP) license.

Wahed sets up Palestinian start-up investment...

Islamic robo-adviser Wahed has partnered with the Bank of Palestine and the Intersect Innovation Hub to raise a US$5 million fund to invest in start-ups in Palestine.

Canadian tokenization platform in advanced stages...

IFN Fintech has learned that Canadian tokenization platform Al Mabrook Financial is in the “final stages” of securing a license in El Savador, just as it gained Shariah approval for its business model.

Islamic crowdfunding group sets up VC...

Malaysian Islamic crowdfunding group Ethis has unveiled HASAN, a venture capital (VC) and accelerator program designed to support Halal start-ups in Southeast Asia and the GCC.

Warba partners with Taskeen

Warba Bank has partnered with digital service provider for the rental property owners’ sector Taskeen Real Estate to provide real estate management services to its clients

Bank Muamalat Malaysia shifts to cloud-based...

Bank Muamalat Malaysia, one of 16 fully-fledged Islamic banks in the country, has signed a collaboration with Google Cloud that is expected to speed up the bank’s transformation into a digital Islamic 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...

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.

IDLC adopts AbabilNG

BANGLADESH: IDLC Finance has adopted Millennium Information Solution’s Islamic core banking solution AbabilNG, according to a LinkedIn post.

Mamun Ventures allocates funding

GLOBAL: Mamun Ventures, the venture capital arm of Shariah compliant fintech start-up mamun, has allocated US$1 million in funding...

New Islamic digital bank to launch...

ruya, a new digital Islamic community bank, is set to officially launch in the UAE market, aiming to be the first of its kind in the country.

AlinmaPay becomes Sukna Ventures’s limited partner

SAUDI ARABIA: AlinmaPay, the fintech arm of Alinma Bank, has become Sukna Ventures’s limited partner and strategic partner, according...