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First Abu Dhabi Bank pilots new payment platform for merchants

The largest bank in the UAE has launched a pilot payment solution designed for merchants, with a view of rolling […]

AmBank introduces APIs to facilitate digital customer on-boarding and online acquisition for Rakuten Trade

AmBank, which offers Islamic solutions, has introduced application programming interfaces (APIs) powered by DuitNow to facilitate Rakuten Trade’s online acquisition […]

Abu Dhabi Islamic Bank rolls out digital foreign exchange platform

Abu Dhabi Islamic Bank (ADIB) has launched ‘ADIB Direct eFX’, a solution allowing clients to secure online foreign exchange rates […]

MRC proposes changes to Iranian crypto mining rules

The Majlis Research Center (MRC) of Iran has called for changes to cryptocurrency mining regulations to make the industry more […]

New digital Islamic bank in the making as Kuwait’s largest Islamic bank set to acquire Bahraini lender

After over a year since it announced its intentions to take over Ahli United Bank (AUB), Kuwait Finance House (KFH) […]

Kazakhstan to welcome first Islamic digital bank – a Qatari-led initiative

Astana International Financial Center (AIFC) is preparing to issue its first Islamic digital banking license in the coming months to […]

Bangladeshi Islamic bank banking on new digital bank subsidiary to capture larger market share

Al-Arafah Islami Bank is waiting for final regulatory approval to establish a new standalone Islamic mobile bank designed to capture […]

Could going digital be the shot-in-the-arm for Libya’s ailing Shariah finance industry?

Described by some as dead in the water, Islamic banking never took off in a meaningful way in war-stricken Libya […]

RAKBANK implements national digital identity and e-signature solution across entire branch network

RAKBANK, which offers Islamic banking services, has implemented a national digital identity and digital signature solution, the UAE Pass registration, […]

Saudi Arabia readies itself for virtual banks with new regulations

Preparing to usher the Kingdom’s banking sector into the digital era, Saudi Arabian Monetary Authority has issued new regulations for […]

Aafaq Islamic Finance goes live with Infosys’s Islamic banking solutions

UAE-based Aafaq Islamic Finance has gone live with Infosys Finacle’s Finacle Core, Islamic Banking and Payments solutions, confirmed a statement.

World Islamic Fintech Awards 2019: Strength in diversity

After a global call for nominations and a lengthy deliberation process, IFN Fintech is pleased to reveal the winners of […]

Pakistan to announce first cohort of regulatory sandbox soon

The Securities and Exchange Commission of Pakistan (SECP) is inviting its regulatees as well as fintech start-ups to join the […]

UK Islamic digital banking start-up rolls out alpha version

Making a bid to attract the Muslim community underserved by both conventional banks and fintech, start-up Niyah has announced the […]

Wahed Invest hires Shariyah Review Bureau

Shariah compliant Wahed Invest has hired Shariyah Review Bureau to manage its Shariah compliance affairs from client agreements to the […]

Islamic microfinance cooperative issues micro smart Sukuk in world’s first primary Sukuk offering on public blockchain

INDONESIA: Breaking new ground and highlighting the trend of digital innovation and social impact finance within Islamic capital markets, BMT […]

Kuwait: Home of the next Islamic digital bank?

While neighboring UAE, Bahrain and Saudi Arabia are jostling for fintech supremacy in the GCC, unassuming Kuwait is quietly making […]

FWD Takaful eyes insuretech partnerships as it forges ahead with growth plans

The newest Family Takaful brand in Malaysia, one backed by Hong Kong billionaire Richard Li, is on the hunt for […]

Islamic fintech companies collaborate to build charity ecosystem

An Islamic crowdfunding platform and a Halal payment gateway have joined hands in a partnership ensuring end-to-end Shariah social financing. […]

Malaysia’s bank-mediated Islamic fintech platform to go international with Saudi multilateral partnership

Nine months in the making, Investment Account Platform (IAP) has signed a collaborative agreement with the private sector arm of […]

Islamic fintech-backer raises US$100 million to invest in MENA tech start-ups

BECO Capital, which has backed Shariah compliant fintech start-ups, has raised US$100 million for its second fund, exceeding its US$80 […]

KFH launches digital-enabled branch

Kuwait Finance House (KFH) has launched its fourth digital self-banking station, KFH-Go, in Kuwait. The station, the first one in […]

Abu Dhabi Islamic Bank adopts Samsung Pay

Abu Dhabi Islamic Bank has adopted its first mobile wallet system, Samsung Pay. This allows Visa covered cardholders to make […]

AlKhair Capital explores fintech products

Saudi Arabia’s Shariah compliant AlKhair Capital is currently exploring the development of new products for investors while finalizing a new […]

Estonian cryptocurrency exchange eyeing Shariah compliance to tap Muslim demand

As cryptocurrency adoption continues to gain ground in Muslim nations of the Middle East, another cryptocurrency exchange is positioning itself […]

HelloGold selected to present at UN

Malaysia’s HelloGold is one of a handful invited by the United Nations Secretary-General’s Task Force on Digital Financing on the […]

Yielders eyes fund management license to tap institutional market including Waqf

UK Islamic crowdfunding platform Yielders is seeking approval by the Financial Conduct Authority (FCA) to execute fund management services, which […]

Wahed Invest closes multimillion-dollar investment with Dubai tech fund

The subsidiary of a government-backed agency has invested millions of dollars into Islamic robo-advisor Wahed Invest, bolstering the New York-headquartered […]

New Islamic gold crypto to hit market

Another gold-backed, claiming Shariah compliance, is expected to enter the UAE market before the end of 2019. Little is known […]

Hong Kong firm secures buy-in from Malaysian government to build blockchain-based Islamic financial system

TideiSun Group (iSunOne) has secured the support of the Malaysia Productivity Council (MPC) to build an Islamic financial system on […]

IDB leverages crowdfunding to part-finance projects in Africa and Central Asia

As it made science, technology and innovation a cornerstone in its renewed strategy presented last year, the IDB is leveraging […]

Faysal Bank partners with Ripple for payments solution

Faysal Bank, one of Pakistan’s largest Islamic banking branch networks, has partnered with US-based fintech firm Ripple to launch a […]

DIFC reaches fintech milestone

The Dubai International Financial Centre (DIFC) has grown the number of registered fintech firms by threefold since December 2018 to […]

Could the UK become an Islamic fintech hub?

The Lord Mayor of the City of London, Alderman Peter Estlin, certainly believes so. But this could only be achieved […]

Shariah super app for banking now a reality in Indonesia

In a country where mobile phone users outnumber bank accountholders, Indonesia’s PermataBank is banking on its super app to attract […]

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 […]

UAE bank concludes first cross-border blockchain trade deal with Islami Bank Bangladesh

With a growing chorus of banks in the Emirates increasingly exploring blockchain technology to optimize trade finance, one bank has […]

Bank ABC to humanize banking with digital AI employee

Bank ABC will be introducing an artificial intelligence (AI)-powered synthetic digital human into its customer experience as part of its […]

Jibrel unveils private financing platform

Jibrel Network, which was recently accepted into the Abu Dhabi Global Market RegLab program, has launched its private blockchain-based financing […]

Ithmaar Bank to upgrade CRM platform

Bahrain’s Ithmaar Bank plans to upgrade its customer relationship management (CRM) platform, following its appointment of banking solutions expert and […]

Emirates NBD to roll out voice banking through Amazon Alexa

Emirates NBD, which offers Islamic banking services, is poised to launch voice banking services through Amazon Alexa, as part of […]

Dubai Financial Market launches electronic dividend distribution service

Dubai Financial Market has launched an electronic service (myAccount) enabling investors to transfer dividends amounts to their iVESTOR Card accounts, […]

Upcoming IFSB technical note could apply to Islamic social finance blockchain applications

The Islamic Financial Services Board (IFSB) will issue a technical note which could also be applicable to Islamic social finance […]

NowPay reveals successful seed round

NowPay, a fintech start-up established earlier this year on a Shariah compliant proposition, confirmed it has raised US$600,000 in seed […]

Canadian accelerator program accepts Islamic fintech start-up Manzil

Canada-based Islamic fintech start-up Manzil is one of eight to be accepted into the second cohort of The Holt Accelerator, […]

Blockchain Sukuk platform to grow presence in Saudi Arabia and UAE with R3 partnership

A Dubai-based fintech platform has engaged New York’s R3 to engineer an Islamic capital market infrastructure on the blockchain to […]

Indonesia to reveal national Shariah digital payment system in September

Indonesia’s National Islamic Finance Committee (KNKS) expects to soft launch a Shariah compliant digital payment system next month as part of […]

European Islamic fintech start-ups find home in the UAE as ADGM expands RegLab program

Two European fintech start-ups with a Shariah proposition have been selected to join the Abu Dhabi Global Market (ADGM)’s Regulatory […]

Canada-based Manzil eyes regional expansion as it expects to launch mortgage product by final quarter

A Canadian Islamic fintech start-up is looking to expand beyond Toronto and into the US as it builds its product […]

KFH-Bahrain goes live with open banking infrastructure

Kuwait Finance House-Bahrain (KFH-Bahrain) has become the latest Islamic bank in the Kingdom to go live with its open banking […]

Axiata Digital Capital and CIMB to explore Islamic fintech proposition

ASEAN banking powerhouse and one of the region’s largest Islamic financial services providers, CIMB Group, has joined hands with Axiata […]

Noor Bank launches QR-based mobile payment solution

Noor Bank is taking its cashless game one step further by rolling out an EMVCO QR-based mobile payment service allowing […]

ISRA on the hunt for ideal candidates to pilot ZakatTech platform

The International Sha’riah Research Academy for Islamic Finance (ISRA) is looking for relevant parties to pilot a blockchain project designed […]

Saudi finance ministry warns against cryptocurrencies

The Saudi Arabian Ministry of Finance (MOF) has issued a warning against dealing or investing in virtual currencies as they […]

Securities Commission Malaysia restructures digital strategy and innovation unit

Securities Commission Malaysia (SC) has embarked on a reorganization, bringing its Technology Department and People and Organization Development Department under […]

Saudi P2P financing platform eyes Shariah compliance  

A Saudi peer-to-peer (P2P) funding platform is seeking to secure a Fatwa to anchor itself within the religious-conscious Muslim community […]

Islamic fintech start-ups may benefit as global investors start to pay attention to MENA entrepreneurs

Despite concerns over the reverberations that could engulf start-up investments as triggered by the collapse of private equity giant Abraaj, […]

Islamic finance advisory firm partners with regional blockchain enterprise to build blockchain community

Infinity Blockchain Ventures Malaysia (IBVM), a company that provides advisory services on adopting blockchain technology, has signed a strategic partnership […]

KIB launches video call service

Shariah compliant Kuwait International Bank (KIB) has introduced a video call service, enabling customers to complete transactions via video call. […]

Takaful IKHLAS banking on digitalization to grow business

As competition heats up in the Malaysian Islamic insurance space, Takaful IKHLAS will be leveraging its latest partnership with CIMB […]

Iran ratifies cryptocurrency bill banning trading but legalizing mining

Following our report on Iran considering to legalize crypto-mining and leveraging on digital currencies to escape the debilitating sanctions imposed […]

Grab Malaysia makes first move into Islamic fintech space with digital Takaful product

Southeast Asian e-hailing giant Grab has unveiled usage-based motor Takaful and insurance coverage for its drivers through its digital insurance […]

Make it Rain: Islamic crypto exchange secures license and US$2.5 million seed funding

Three years since taking its first step toward becoming a regulated entity, Shariah compliant Rain has become the first digital […]

Emirati Takaful operators adopt blockchain technology as UAE eyes insurtech hub title

Three Islamic insurers in Dubai have embraced distributed ledger technology, becoming among the first in the region to demonstrate a […]

Bahrain Fintech Bay tackling digital talent conundrum with tailored on-demand courses

Bahrain Fintech Bay (BFB) is adding another component to its fintech start-up ecosystem by providing training and education courses in […]

ADIB joins trade blockchain platform

Abu Dhabi Islamic Bank (ADIB) together with seven other banks have joined UAE Trade Connect (UTC), a new nationwide blockchain […]

Wahed Invest secures Saudi ExPermit

The Capital Market Authority of Saudi Arabia has granted a fintech experimental permit (ExPermit) to Islamic robo-adviser Wahed Invest allowing […]

Airline veteran to helm TNG Digital as new CEO

TNG Digital, the e-wallet subsidiary of Touch ‘n Go, has hired Ignatius Ong as CEO, replacing Syahrunizam Samsudin who will […]

Sun Life Malaysia Takaful rolls out mobile app

Sun Life Malaysia Takaful and Sun Life Malaysia Assurance have introduced its SunAccess mobile app allowing policyholders to access their […]

OIB goes live with ICSFS solutions

Oromia International Bank (OIB) has implemented the ICS BANKS Universal Banking and ICS BANKS Interest Free Banking software suites by […]

KFH-Bahrain launches KFHB Online

Kuwait Finance House-Bahrain (KFH-Bahrain) has launched KFHB Online, its new mobile banking application. The new app, which is compatible with […]

ADCB partners with Plug and Play

Abu Dhabi Commercial Bank (ADCB), the newly combined entity created through a three-way merger with Union National Bank and Shariah […]


A roundup of the latest news in the Islamic fintech space from across the world.

Indonesia takes on Islamic fintech agenda with new digital platforms

Determined to break itself out of the ‘5% trap’, a term market practitioners have used to describe Indonesia’s years-long inability […]

Bahraini Islamic banks racing for open banking domination as rules come into effect

As the window for banks in Bahrain to adopt open banking expires, local Islamic banks are engaged in what seems […]

Malaysia’s first licensed Islamic equity crowdfunding platform eyes 2020 launch date

Securities Commission Malaysia (SC) has revealed its second cohort of regulated market operators for equity crowdfunding (ECF) and peer-to-peer financing […]

TNG Digital exploring Islamic fintech solutions

The e-wallet subsidiary of Malaysia’s sole electronic payment system for toll expressway and highway operators is exploring the possibility of […]

ABC Digital to enable online onboarding service

Bank ABC is one step closer to its mobile-only bank dreams as the Bahraini bank partners with a US-based company […]

Malaysia sees interest for Islamic digital-only banks

Several fintech start-ups are eyeing an Islamic digital banking license to operate in one of the most sophisticated Shariah finance […]

Iran mines cryptocurrency potential to escape US grip

It’s been a crypto whirlwind in Iran. From shutting down crypto mining farms, the Islamic Republic – a hot bitcoin […]

HelloGold begins Series B funding round as it eyes digital banking license

Kuala Lumpur-headquartered digital savings platform, HelloGold, has begun approaching international investors for its pre-series B funding round as it continues […]

Islamic economy blockchain prepares to launch public chain in December

A public blockchain company in the UAE has launched an open source blockchain tailored for the global Islamic economy, allowing […]

Islamic banks turn to WhatsApp to engage customers

With about half a billion active daily users, Whatsapp’s global reach is a gold mine to businesses, and Islamic banks […]

Ficus Venture Capital prepares to invest in Islamic tech firms

Malaysia’s first Islamic tech venture capital (VC) firm is giving itself until the end of the 2019 to raise RM100 […]

ICD’s fintech initiative gains momentum as drive for global connectivity continues

An Uzbekistani bank has joined an international Islamic fintech initiative led by the private sector arm of the IDB, taking […]

Islamic robo adviser unveils first Halal ETF

New York-based Wahed Invest has listed its first exchange-traded fund (ETF), the Wahed FTSE USA Shariah ETF (HLAL US) on […]

Russia’s largest bank invests in Zakat digital platform

Russia’s largest bank by assets has acquired a 25% stake in the nation’s first artificial intelligence (AI)-driven Zakat chatbot, further […]

ICIEC banking on big data

Big data is a key growth strategy for the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) […]

Charles Taylor InsureTech driving Middle Eastern expansion strategy with Takaful

Islamic insurance will be a key pillar of Charles Taylor InsureTech’s Middle Eastern expansion strategy as the firm looks to […]

Canadian Islamic fintech start-up secures seed financing

An Islamic financing start-up has raised CA$1.15 million (US$875,344) in seed financing setting the foundation for the Toronto-based company to […]

Bahrain grants UAE fintech company license as part of (Islamic) insurance digitalization agenda

In the short two months since the Bahraini regulator released draft rules on insurance aggregators, the Kingdom’s apex bank has […]

Toward truly Halal banking products in Malaysia

KHAIRUL NISA ISMAIL explores the unique position Malaysia is in to promote truly Shariah compliant banking products. Islamic finance has […]

SECP launches digital transformation initiative

To improve service quality, promote transparency and enable efficient interaction for its customers, the Securities and Exchange Commission of Pakistan […]

Yielders increases crowdfunding tranche

Islamic fintech platform Yielders has increased its Seedrs crowdfunding tranche to allow for overfunding until the end of July, following […]

MY EG Capital launches Islamic finance subsidiary

MY EG Capital, a subsidiary of MY EG Services, an e-government solutions provider, has incorporated a wholly-owned subsidiary known as […]

Al Baraka inks deal with Eazy

Al Baraka Banking Group has partnered with Eazy Financial Services to conduct a feasibility study for deploying biometric payment network […]

Yaqeen onboards Oracle’s solutions

Libya-based Shariah compliant Yaqeen Bank has entered into an agreement with Oracle FSS to implement the latter’s Flexcube as its […]

PolicyStreet gets nod from BNM

PolicyStreet has obtained Bank Negara Malaysia’s approval to conduct financial advisory and Islamic financial advisory business. The approval will allow […]

AmBank collaborates with Maxis

Malaysia’s AmBank, which runs AmBank Islamic, has entered into a partnership with Maxis to create a roadmap of digital solutions […]

KFH Malaysia inks partnership with MoneyMatch

Kuwait Finance House-Malaysia (KFH Malaysia) has entered into a strategic collaboration with fintech start-up MoneyMatch to provide cross-border payments for […]

ADGM to extend digital banking licenses

now accepting applications for digital banking licenses following the release of its Guide to the Authorization of Digital Banks in […]

KFH launches Mobile Deposit of Cheques

Kuwait Finance House (KFH) has launched its Mobile Deposit of Cheques service in partnership with ProgressSoft. Customers of the Islamic […]

SAMA accepts 14 new companies into sandbox

The Saudi Arabian Monetary Authority (SAMA) has accepted 14 new companies, including Maalem Financing Company and Saudi Fintech Company (Alinma […]

WIFA 2018: Honoring the very best of Islamic fintech

After weeks of a gruelling process involving screening, discussions and deliberations by our independent Awards Board, IFN Fintech is proud […]

Interview: Fintech – friend or foe?

Cognizant of the urgent need to adapt digitally, Islamic banks are forging new collaborations with fintech players to usher in […]

Cihan Bank goes live with Path Solutions’ iMAL R14.0

Cihan Bank is an Islamic bank headquartered in Erbil, Iraq. Established in 2008, the bank has 13 branches in all […]

How Blockchain can impact the Muslim world: Food

Blockchain chatter is everywhere, and there continues to remain confusion in the Islamic world. We hope that by the end […]

BRI Syariah inks MoU with Grab Indonesia

Bank BRI Syariah has signed an agreement with Grab Indonesia, according to the bank. The deal will see the bank […]

Silicon Valley institution plans Islamic blockchain protocol

Bahrain’s Shariyah Review Bureau confirms the extension of Shariah compliance certification to for the Stellar Network, an open-source distributed […]

Takaful Emarat to adopt MDS Service

UAE-based Takaful Emarat will be adopting the Device-as-a-Service solution for Apple devices through Mideast Data Systems (MDS). Takaful Emarat deployed […]

Attijariwafa adopts iMAL

Attijariwafa Bank has signed an agreement with Path Solutions to implement the latter’s iMAL platform across 31 branches of the […]

Bank BTPN adopts Diasoft Flextera Suite

Bank BTPN, which runs Bank BTPN Syariah, has concluded the digital transformation exercise of its front-office services via the implementation […]

KIB launches live chat service

Kuwait International Bank (KIB), which offers Islamic financial products, has launched a live chat e-banking service, allowing customers to communicate […]

EI launches QuickRemit to Pakistan

Emirates Islamic (EI) has included Pakistan in its 60-second online fund transfer service. The product, called QuickRemit, will allow transfers […]

RHB introduces new digital tools

RHB Bank, which offers Islamic products, together with RAMCI, has collaborated with iMoney to introduce a digital loan application platform. […]

Aftech launches code of conduct

The Association of Indonesian Financial Technology (Aftech) has released a code of conduct for responsible lending, in a bid to […]

The UAE offers digital real estate mortgage services

Abu Dhabi City Municipality, in collaboration with Abu Dhabi Islamic Bank, has issued the first digital mortgage certificate worldwide, making […]


A roundup of the latest news in the Islamic fintech space from across the world.

ADAB Solutions plans ICO to build Islamic crypto exchange

A UAE company is looking to raise at least US$2.5 million to develop what could be the world’s first Islamic […]

Islamic insurer to deploy automation robots

Salama Cooperative Insurance has teamed up with an information management service provider to roll out a robotic process automation (RPA) […]

From the US to the UK: Wahed Invest continues steady expansion

After almost a year since it established a representative office in the UK, New York-based Wahed Invest is now open […]

Ethis Ventures launches Islamic charity crowdfunding platform

Ethis Ventures is exploring the possibility of integrating smart contracts into their recently-launched Islamic charity crowdfunding platform and plans to […]

Hong Leong Bank links up with WeChat Wallet

Public-listed Hong Leong Bank (HLB), which offers Islamic banking products, has partnered with Tencent’s local WeChat Pay as a master […]

From yellow to black: HelloGold turns attention to crude oil

The world’s first gold-based Islamic fintech platform is expanding its asset portfolio to include black gold and money market funds […]

Indonesia inaugurates fintech center

Indonesia’s Financial Services Authority, Otoritas Jasa Keuangan (OJK), has launched a new fintech center dedicated to nurturing a conducive ecosystem […]

Islamic bank becomes the first in Kuwait to integrate AI

The oldest Islamic bank in Kuwait will be implementing artificial intelligence (AI) in its operations, becoming the first bank in […]

Islamic neobank hits German market

A new digital banking start-up is using Germany as its launchpad into the European Islamic banking market. Positioning itself as […]

Silicon Valley institution to tap Muslim market with Shariah compliant blockchain protocol and digital currency

Equipped with Shariah certification, a Silicon Valley non-profit organization will bring its blockchain protocol and digital currency to key Islamic […]

Blockchain Sukuk: The Smart way of doing it

From banking to remittance and payments, to creating new medium of exchanges, Islamic financial institutions worldwide are exploring ways to […]

CIMB Group makes multimillion dollar pledge toward digital talent

One of the largest banking groups in Malaysia has pledged over US$18 million to equip its workforce with the necessary […]

WAQFE rolls out digital banking solution integrating eKYC

A Bahraini Islamic bank has adopted a new mobile banking service platform allowing its customers a seamless paperless banking experience. […]

Noorcoin to build on Zilliqa blockchain platform

The Islamic digital currency community has just grown a little bigger as an Indonesian entrepreneur and philanthropist is throwing her […]

Qatar Islamic Bank strengthens digital presence

In line with the country’s stock exchange’s call to be more transparent with investors, the largest Islamic bank in Qatar […]

Morocco to regulate Islamic crowdfunding

Morocco is looking likely to be the first in the North African region and the wider continent to craft rules […]

Islamic multilateral bank turns to crowdfunding

The Islamic Development Bank (IDB) will be raising financing for two projects through crowdfunding, a testament to the Islamic finance […]

Hada DBank rallies partners as it prepares for ICO

Islamic digital banking start-up Hada DBank has secured yet another strategic partner as it prepares to begin the first phase […]

Dubai launches Islamic economy incubator

The Dubai Islamic Economy Development Center (DIEDC), Dubai Airport Freezone Authority (DAFZA) and Technolera, have launched an incubator to nurture […]

Guidance Residential rolls out mobile app

A US-based Islamic mortgage provider is hoping to connect to millennial homebuyers through its new mobile app. Guidance Residential has […]

KFH-Bahrain implements new internet banking modules

Kuwait Finance House (KFH) Bahrain has gone live with ETHIX-NET, an online banking application offered by International Turnkey Systems Group, […]

Maybank accepting applications for fintech program

Maybank, which offers Islamic products, is accepting applications for its MaybankFintech program, opening for the first time to non-fintech companies. […]

CIMB EVA gets an upgrade

CIMB Bank, which offers Islamic services, has introduced new features to its Enhanced Virtual Assistant (EVA) including a spend analyzer […]

ADGM opens RegLab applications

Abu Dhabi Global Market (ADGM) is accepting applications for its Regulatory Laboratory (RegLab), targeting fintech and regtech start-ups with an […]

QIB first to offer facial recognition tech

Qatar Islamic Bank (QIB) has introduced facial recognition capabilities, Face ID, in its iOS and Android Mobile App, making it […]

Gatehouse adopts new software

Mortgage software company BEP Systems has re-configured its systems to comply with Shariah requirements for UK-based Gatehouse Bank, facilitating the […]

Trustbank goes live on iMAL

Trustbank Suriname, a recently converted fully-fledged Islamic bank, has gone live on iMAL Islamic core banking platform provided by Path […]

Noor Bank partners with UB QFPay

Noor Bank, a UAE-based Islamic bank, has collaborated with UB QFPay, the joint venture between Dubai-based United Brands and China-based […]

Ummah Finance welcomes Shariah advisor

UK-based Islamic digital banking start-up Ummah Finance has appointed Mufti Faraz Adam as a Shariah advisor. Mufti Faraz advises companies […]

BisB partners with Bahrain Fintech Bay

Bahrain Islamic Bank (BisB) has partnered with Bahrain Fintech Bay, in line with the bank’s digital transformation strategy, and the […]

Waqf blockchain crowdfunding platform launched

Cloud-based financial services platform Finterra has developed a blockchain-based funding platform linked to Waqf, allowing asset owners and non-profit organizations […]

FAB rolls out digital wallet

First Abu Dhabi Bank (FAB), which offers Shariah compliant solutions, has launched ‘payit’, a fully-featured digital wallet. The service is […]


A roundup of the latest news in the Islamic fintech space from across the world.

Iran Fara Bourse to facilitate crowdfunding for tech start-ups

Iran, home to the largest concentration of Shariah compliant financial assets globally, is laying the foundation to enable technology start-ups […]

Saudi Arabian central bank first in the region to implement blockchain

Saudi Arabia is here to stay. Shortly after the Kingdom’s Capital Markets Authority launched its Fintech Lab, the Islamic finance […]

Wahed Invest begins pilot test in Bahrain; expands investment committee

New York-based Islamic robo-advisor Wahed Invest has begun testing its technology in Bahrain, ticking off another country from its international […]

HADACoin to list on Swedish exchange

A Sweden-based crypto exchange will be listing the virtual tokens launched by an Islamic digital banking start-up, lending credibility to […]

IFRC wins Fintech Islamic Finance Challenge

The International Federation of Red Cross and Red Crescent Societies (IFRC) has developed an online blockchain application which has trumped […]

Sedania As Salam Capital exploring new commodities and products

Commodity trading platform Sedania As Salam Capital is transforming itself into an Islamic fintech company and high on its agenda […]

HelloGold wins Fatwa endorsing gold-backed cryptocurrency

As the Islamic financial world continues to contemplate on how to treat cryptocurrencies, one Southeast Asian fintech firm has won […]

INCEIF and MIMOS to develop Islamic fintech blueprint

An Islamic finance university and Malaysia’s ICT research development center will join hands to design a blueprint for Islamic finance-based […]

Ethis’s Malaysian arm to spearhead Islamic fintech venture building

A Singapore-based Islamic crowdfunding start-up has courted new angel investors for its Malaysian and Indonesian businesses, allowing the firm to […]

IFN Islamic Fintech Landscape: Eligibility criteria

What is it? The IFN Islamic Fintech Landscape is an ongoing global initiative by IFN Fintech to identify and map […]

IFN Islamic Fintech Landscape revamps screening criteria

In light of the changing dynamics of the nascent, but fast-growing, global Islamic fintech industry, IFN Fintech has overhauled the […]

‘Takatech’ takes form in the UK

An Islamic insurance start-up has launched its first offering with a view of expanding its product suite to serve the […]

OJK approves first licensed Shariah compliant P2P financing service

The Financial Services Authority (OJK) of Indonesia has given the green light to the country’s first licensed Shariah compliant peer-to-peer […]

Islamic banks support Bahrain Fintech Bay as founding partners

The largest fintech hub in the MENA region has officially commenced operations, welcoming 28 founding partners, including some of the […]

Bahrain and Abu Dhabi: Collaborate, not compete

Two of the most vocal voices for Islamic fintech in the Middle East have joined forces to build and sustain […]

Is Islamic finance ready for cryptocurrencies?

The Shariah compliance debate of cryptocurrencies is neither new nor resolved but it has certainly gained extra mileage the past […]

OneGram negotiating another partnership

Dubai-based OneGram expects to seal a partnership in the non-real estate sector with a multibillion dollar company in January through […]

Bahraini Islamic bank rolls out Kingdom’s first contactless credit card

Ithmaar Bank has introduced the Ithmaar Bank World credit card, a contactless credit card, in collaboration with Mastercard. The contactless […]

Fintech associations of Indonesia and Australia join forces

FinTech Indonesia and FinTech Australia have signed an MoU which will allow the Australian fintech community, including Indonesians currently working […]

Dubai strengthens fintech relationship with Hong Kong

The Dubai Financial Services Authority (DFSA) has signed bilateral agreements with Hong Kong’s Insurance Authority and Hong Kong Monetary Authority […]

Indonesia sets up National Payment Gateway

The central bank of Indonesia, Bank Indonesia, has established the National Payment Gateway, which will assist the government in the […]

Path Solutions wins new contracts

Shariah banking software provider Path Solutions has sealed deals with two Islamic banks: Bahraini Al Baraka Banking Group and newly […]

ADIB expands network of digitally-enhanced branches

Abu Dhabi Islamic Bank (ADIB) has launched two new ADIB Express branches, its new generation of digitally-enabled branch which utilizes […]

Ateon planning blockchain roadshows

Saudi blockchain systems integrator Ateon is planning to conduct several roadshows on blockchain following the conclusion of roadshows in Riyadh […]

Ummah Finance appoints legal advisor

Ummah Finance, a UK-based digital Islamic banking start-up, has appointed international professional services firm Gateway as its advisor. The appointment, […]

KFH launches new e-services

Kuwait Finance House (KFH) has rolled out five new e-services on its XTMs, which are mini branches that are accessible […]


A roundup of the latest news in the Islamic fintech space from across the world.

Saudi Arabia plays catch up with UAE and Bahrain with Fintech Lab

When it comes to attracting fintech start-ups and promoting fintech innovation in the GCC, Bahrain and the UAE are the […]

IFN Islamic Fintech Landscape recognizes three more start-ups

In the latest revision of the IFN Islamic Fintech Landscape, three entities were included while one was excluded, bringing the […]

SuperCharger Malaysia concludes debut program

The participants of SuperCharger Fintech Accelerator’s Malaysian inaugural program won a total of 29 contracts, proof-of-concepts (POCs) agreements and partnerships […]

ALGEBRA implements Artificial Intelligence Neural Network

Farringdon Group has begun integrating an artificial intelligence (AI) neural network capability into its ALGEBRA Robo Adviser, less than six […]

ASEAN Islamic finance powerhouses move against crypto money laundering and terrorism financing risks

In the last month, Indonesia and Malaysia have taken decisive measures to quell money laundering and terrorism financing concerns spurred […]

MyFinB secures funding commitment; eyeing to quadruple funding by mid-2018

A Kuala Lumpur-based big data analytics start-up focusing on Shariah finance has secured a funding commitment of RM2 million (US$490,076) […]

CBB endorses Bahrain Fintech Bay

The Central Bank of Bahrain (CBB) has officially endorsed the launch of Bahrain FinTech Bay (BFB), MENA’s first dedicated fintech […]

Hada DBank to launch beta version in 2018

An Islamic digital banking start-up is in the process of securing licenses in Switzerland and the UK while preparing for […]

Band of banks: Overcoming the curse of ‘too small to succeed’

Islamic banks may be viewed as too small to succeed as far as driving new fintech innovation is concerned, but […]

Buying real estate with Islamic cryptocurrency now a reality

In a regional first, individuals are now able to purchase properties in Dubai using OneGramCoin (OGC), the industry’s first Shariah […]

IFN Islamic Fintech Landscape expands to include seven new entities

Over the last few weeks since IFN Fintech released its October version of the Islamic Fintech Landscape, seven new companies […]

BisB upgrades digital banking product suite

Bahrain Islamic Bank (BisB) has launched its new and enhanced BisB Digital, an umbrella term for a group of digital […]

RAKBANK to expand remittance footprint with blockchain technology

RAKBANK has launched instant remittance services to Axis Bank in India using blockchain technology, leveraging on Ripple’s global network, RippleNet, […]

QIB upgrades mobile banking app

Qatar Islamic Bank has upgraded its mobile banking app to include new features including fingerprint-enabled login, activation and deactivation of […]

Emirates NBD goes paperless; robot at digital branch

Emirates NBD has inaugurated its first paperless digital branch at the Dubai World Trade Center. The branch allows customers to […]

MDEC hosts third Fresh Brew session

Malaysia Digital Economy Corporation (MDEC) organized its third Fresh Brew session attracting over 40 participants from various companies, regulatory bodies […]

ApplePay to land on UAE shores before the end of the year

Come the 31st December 2017, six banks in the UAE will have adopted the ApplePay solution enabling customers to make […]

Sharjah Islamic Bank jumps onboard Samsung Pay train

Sharjah Islamic Bank has partnered with Samsung Gulf Electronics to offer Samsung Pay services to its bank customers, allowing them […]

Tune Protect Group hires technopreneur to drive digital ambitions

Tune Protect Group, a Malaysian digital insurer which offers Islamic solutions, has recruited technopreneur Iskandar Ezzahuddin Ahmad Zulkiflee as deputy […]

Malaysian telco and Takaful giants join hands to offer tech-integrated insurance

Etiqa Insurance and Takaful will launch usage-based insurance (UBI) in collaboration with telecommunication services provider Maxis, leveraging the latter’s vehicle […]

World’s first regulated fully-fledged Islamic P2P platform up and running

After about a year since it received a conditional license from Securities Commission Malaysia, Ethis Kapital has finally secured a […]

Islamic digital banking start-up launches pre-ICO

Islamic digital banking start-up Hada DBank has launched its pre-initial coin offering (ICO) to raise capital for its development plans. […]


A roundup of the latest news in the Islamic fintech space from across the world.

Islamic banks raise fintech integration concerns

Islamic banks are making their voices heard at an international level on the unique challenges they face when it comes […]

Dubai to roll out Islamic digital trade finance platform

A Dubai free-trade zone is creating a digital Shariah compliant trade finance platform to open new funding avenues for the […]

PayHalal to launch beta version in the first quarter of 2018

Having noticed a missing link in the global Halal industry between payment solutions and logistics, Pat Seers had the vision […]

European regtech firm mulls Malaysian office to reach global Islamic finance markets

London-based Capnovum, one of the 10 finalists of the inaugural SuperCharger Malaysia program, is evaluating Kuala Lumpur as a base […]

Malaysia to regulate cryptocurrencies

From merely cautioning investors against initial coin offerings a few months ago (See IFN Fintech September issue), the Malaysian securities […]

Malaysia to draw Islamic-focused start-ups and investors with Islamic digital economy framework

Malaysia hopes to attract start-ups in the Islamic space with a comprehensive framework governing the Islamic digital economy which will […]

OneGram begins reselling digital coins

OneGram, the company behind the first Shariah compliant gold-backed cryptocurrency OneGramCoin (OGC), has begun reselling the coins in a bid […]

Al Rajhi rolls out a central payment service hub

The largest Islamic bank in the world has streamlined its payment processes by centralizing all related transactions onto a single […]

Finocracy launches AI-driven fintech platform to empower women through education financing

Finocracy has partnered with leadership development organization Wedu Global to introduce a Shariah compliant education financing platform for underserved young […]

Nigerian digital-only bank combines Islamic finance and technology to expand customer base

One of the youngest regional licensed banks in Nigeria expects to onboard 2 million new customers by 2022 under its […]

HelloGold launches Gold-Backed Tokens; exploring other asset-backed digital coins

The industry’s first Shariah compliant gold digital app has released its virtual Gold-Backed Tokens (GBT) to the public following the […]

Bahrain to host the largest fintech hub in Middle East and Africa

The Bahrain Fintech Bay (BFB) will open its doors in February 2018, welcoming fintech firms, investors, entrepreneurs, government bodies and […]

Emirates Islamic unveils new digital banking app

Hot on the heels of its blockchain Cheque Chain initiative (See IFN Fintech June issue), Emirates Islamic (EI) has rolled […]

Takaful Emarat joins Blockchain Insurance Industry Initiative

A Dubai-based Takaful operator is the only fully-fledged Islamic insurer out of the 23 new brokers and (re)insurance companies to […] plans Saudi expansion following US$10 million Series B round

The largest personal finance comparison website in the Middle East won over investors from the UK, the UAE and Saudi […]

Saudi Islamic bank to roll out region’s first blockchain use case for identity management

A US-based mobile identity platform is lending its expertise to Bank AlJazira in launching what is touted as the first-of-its […]

A sweet deal: Beehive secures US$5 million Series A funding and new board member

MENA’s first regulated peer-to-peer finance platform (P2P) will use its recently procured funds to drive product development and assist its […]

Dubai begins developing national digital currency

The Dubai government has begun the process of developing its own encrypted digital currency for nationwide implementation. The governor of […]

Central Bank of Bahrain establishes fintech unit

The Central Bank of Bahrain (CBB) has carved out a dedicated fintech arm to drive digital financial services in the […]

MDEC commences monthly Fresh Brew Sessions to drive Islamic digital economy

Malaysia Digital Economy Corporation has kicked off with the monthly Fresh Brew Sessions. Fresh Brew Session is a knowledge sharing […]

Meethaq launches digital SME platform

The Islamic banking arm of Bank Muscat is combining digital technology and its SME expertise to support the development of […]

Danish fintech companies making a move into GCC Islamic banking market

Danish fintech companies are preparing to make a move into the GCC Islamic banking market, attracted by emerging untapped opportunities […]

Inaugural Supercharger Fintech Accelerator Malaysia welcomes Islamic fintech start-ups

Asia’s leading fintech accelerator program has finally set roots in Malaysia, welcoming 10 start-ups from across the world to Kuala […]

Islamic digital economy: Fintech is only one element

The IFN US Forum 2017 was held in New York City at PWC headquarters on the 19th October, and it […]

Islamic multilateral bank experiments with Shariah compliant social cryptocurrency

The IDB Group intends to drive development and financial inclusion in its member countries using a blockchain-based financial instrument. The […]

Ethis expects to go live in Indonesia and Malaysia this year

The Islamic crowdfunding platform developer has gotten the ball rolling and anticipates going online in Jakarta first before Kuala Lumpur. […]

Malaysia weighs in on ICO maelstrom

With regulators shaking the cryptocurrency community to the core with their contrasting extreme stance on initial coin offerings (ICOs) these […]

Malaysia and Dubai: A meeting of two giants

The Dubai Financial Services Authority (DFSA) and Securities Commission Malaysia (SC) are joining efforts to develop fintech innovations, with Islamic […]

US venture capitalists invest in Dubai-based Shariah compliant fintech start-up

NOW Money has secured a place in Bahrain’s Fintech regulatory sandbox confirming what co-founder Ian Dillon told IFN Fintech last […]

BLOM BANK expands digital capabilities with e-payment solution

One of the earliest providers of online banking services in Lebanon has become the first to introduce a unique electronic […]

ADGM selects first cohort of finalists for inaugural FinTech Abu Dhabi Innovation Challenge

Eleven out of over 100 hopeful fintech start-ups secured a spot in the inaugural Fintech Abu Dhabi Innovation Challenge for […]

US social innovator establishes fintech start-up to facilitate Hajj

Taking a leaf out of Malaysia’s book with regards to the national Hajj pilgrimage board, a US-based fintech start-up is […]

Al Hilal riding contactless wave

A government-owned Islamic bank is joining the contactless wave sweeping across the UAE. Al Hilal Bank has joined the likes […]

Yielders welcomes new CRO

The UK’s first Financial Conduct Authority-regulated Islamic fintech company has welcomed a new chief risk officer (CRO). A banker by […]

Singaporean and Luxembourg entities set up Malaysian Islamic fintech initiative

Two Islamic finance-focused fintech platforms have partnered to establish a new Shariah crowdfunding platform for social finance with pilot campaigns […]

Canadian robo-advisor becomes Muslim-friendly

The Shariah compliant robo-advisor fraternity has just gotten bigger with a new kid on the block: a Toronto-based digital investment […]

PropTech Crowd goes live in the UK

The UK Islamic crowdfunding circle has just grown bigger with a new platform launched. Javed Khan is nothing if not […]

Finocracy welcomes former global head of Islamic banking at EY as managing director

The former global head of the Islamic banking practice at EY has ventured into the Islamic fintech space under the […]

HelloGold begins resale process of tokens

After a successful pre-sale and public sale of its digital tokens, HelloGold Foundation (HGF) will now begin reselling a portion […]

Azerbaijani start-up picks Dubai to anchor global Islamic fintech ambitions

With global ambitions, an Azerbaijani Islamic fintech initiative has turned to Dubai to launch into the international arena using the […]

IFN Fintech launches Islamic Fintech Landscape

Fintech for Muslims is a booming sector — or at least, that is what the industry believes based on empirical […]

Pocketing profit: GCC banks pay attention to digital wallets

The past month saw a string of banks in the Middle East tailoring payment solutions with new mobile wallets and […]

Bank Islam goes digital

Malaysia’s oldest Islamic bank is turning to a Fortune 500 firm to transform its capabilities to be more in line […]

Islamic finance veteran joins data analytics start-up

Hardly a month into his retirement, Daud Vicary Abdullah has been invited to be the founding member of the advisory […]

Bank Negara Malaysia-led Islamic fintech initiative gains new sponsor

RHB Islamic Bank has joined the six-member consortium of Investment Account Platform (IAP) to become its first non-shareholder sponsoring bank. […]

Abu Dhabi making new fintech friends

As the race to become a regional Islamic fintech hub intensifies, Abu Dhabi revs up its engine by gathering allies […]

South Africa’s Absa picks machine over man; launches Virtual Investor

Swiftly after aligning itself with a big data firm, Barclays Africa Group’s South African arm continues to bolster its fintech […]

RAKBANK to capture SMEs with new trade finance fintech alliance

From being the first Middle Eastern bank to adopt Samsung Pay, the National Bank of Ras Al Khaimah (RAKBANK) now […]

DFSA rolls out crowdfunding framework

After months of consultation, the Dubai Financial Services Authority (DFSA) has finally formalized a tailored regime for loan and investment […]

Bahrain’s new crowdfunding regulations obviate retail market; only allowing person-to-business financing

The Central Bank of Bahrain (CBB) has begun to formally regulate Islamic and conventional crowdfunding businesses in its efforts to […]

Beehive – from taking baby steps to soaring high

Dubai’s first regulated peer-to-peer lender has extended an Islamic finance facility to an e-commerce firm – a facility guaranteed by […]

SuperCharger lands in Malaysia; Islamic fintech a focus

SuperCharger Fintech Accelerator has opened its doors in Malaysia, confirming an earlier report by IFN Fintech in May. When IFN […]

Liberis to trial Shariah compliant product, potentially paving the way to becoming an Islamic fintech firm

A UK-based digital provider of business cash advance (BCA) will be launching a trial phase for a Shariah compliant version […]

NowMoney pilots in the UAE; Saudi and Bahrain next

As a banker in the UK who had spent time in the Middle East, it did not take long for […]

Monami Tech bridging gap between Muslim millennials and banks with new Shariah compliant solutions

A Dubai-based fintech start-up is developing Shariah compliant proprietary technology targeting the Muslim Gen Y market banks want to tap. […]

HelloGold targets US$9.6 million from token sale

The industry’s first certified Shariah compliant digital gold app is now finalizing details of its maiden token sale it hopes […]

Islamic bank first to adopt Visa Checkout service

The largest Shariah bank in Qatar successfully streamlined its cashless payment processes, significantly reducing transaction time while simultaneously boosting its […]

Rise of the robots: Al Rajhi turns to RPA to slash fraud risk and enhance efficiency

The world’s largest Islamic bank intends to optimize business efficiency by replacing manual labor with Robotic Process Automation (RPA), a […]

Alizz upgrades digital banking service with overhauled app

An Omani Islamic bank is hoping to capture the younger population by redesigning its internet banking platform and mobile banking […]

Dubai backs Shariah compliant payment service initiative

A global provider of digital payment services is entering the UAE market with services agreeable to Shariah-conscious customers. Quisk Middle […]

Samsung pays the UAE a visit, and is here to stay

The UAE was the first in the Middle East to embrace Samsung Pay solutions as it chases its dreams of […]

Malaysia forms international fintech partnership

On a partnership spree, Australia has now sealed a deal with one of the most ardent supporters of Islamic fintech, […]

Africa looks to Abu Dhabi to nurture nascent Islamic fintech community

An African social impact firm has signed an MoU with Abu Dhabi Global Markets (ADGM) to foster growth for fintech […]

Dubai ups Islamic fintech game; includes Shariah banks into accelerator program

UAE Islamic banks will have a hand in mentoring up-and-coming Shariah fintech start-ups and shape Dubai’s Islamic fintech agenda as […]

IDB to harness the power of Islamic fintech innovation with pioneering Fintech Islamic Finance Challenge

Launching its first Fintech Islamic Finance Challenge this month, the IDB Group is seeking start-ups and entrepreneurs with game-changing ideas […]

CompareAsiaGroup seals US$50 million Series B funding

A group of international investors, led by the World Bank Group’s International Finance Corporation (IFC), has poured US$50 million in […]

Islamic non-bank financial institutions driving business with data analytics

A Saudi Islamic leasing company will apply analytical modeling across its business to enhance its decision-making process in the hopes […]

Asia welcomes maiden Islamic robo-advisor and looks forward to first Shariah compliant artificial neural network

A conventional investment manager gained first-mover advantage in the Islamic finance space by launching Asia’s first Shariah compliant robo-advisor and […]

Merging business and charity: MercyCrowd to deliver greater social impact as business grows

MercyCrowd, a UK-based real estate equity crowdfunding platform, is weighing between Malaysia and Singapore as its gateway into the Asian […]

Everex plans ICO to build Ethereum-powered Shariah compliant financial capabilities

A blockchain start-up has so far raised US$3 million from private investors and will open its ICO to the public […]

UAE Shariah bank rolls out blockchain-based cheques

Emirates Islamic (EI) will be the first Islamic bank in the UAE to adopt blockchain technology to stamp out cheque […]

OneGram partners with Tabarak Capital

OneGram, the blockchain company behind the first Shariah compliant gold-backed digital currency, has partnered with an investment bank to market […]

Abu Dhabi getting serious about blockchain

The capital of one of the world’s most influential Islamic finance markets is moving apace with making digital culture the […]

Dubai government turns to P2P financing for SME support

The Department of Economic Development’s SME unit is rallying the support of a peer-to-peer (P2P) financier to help entrepreneurs develop […]

Maybank Sandbox: One for all

The largest banking group in Malaysia has essentially created a global crowdsourcing platform for fintech ideas and solutions. At a […]

Al Baraka accelerates Islamic fintech agenda

An international Islamic banking group has partnered with a start-up accelerator program to nurture up-and-coming fintech start-ups with the goal […]

Dubai carves out new license class for fintech

The Dubai Financial Services Authority (DFSA) has introduced a restricted financial services license allowing qualifying fintech firms to trial run […]

Shariah payment app jumping on crowdfunding train

One of the most popular Shariah compliant mobile payment apps in Indonesia has forayed into the crowdfunding realm, signaling an […]

Indonesia to regulate digital banking and crowdfunding

Issuing for the first time fintech regulations about six months ago, the Indonesian regulator is wasting no time in bolstering […]

Islamic robo-advisor secures US$5 million seed funding; eyes global expansion

Angel investors from the Middle East have invested in a New York-based fintech start-up touted as the world’s first provider […]

Pakistani Islamic crowdfunding start-up wins seed capital

Pakistan could very well welcome its first Shariah compliant peer-to-peer invoice financing platform as the start-up behind the idea has […]

Bahrain joins fintech playground with new sandbox

The Kingdom of Bahrain has created a virtual safe space for international fintech firms to experiment, develop and launch unique […]

World’s largest Islamic bank explores blockchain

Al Rajhi Bank, which holds the largest pool of Islamic banking assets globally, recently concluded a cross-border money transfer using […]

Indonesian P2P lender to spin off Islamic version

One of Indonesia’s latest licensed fintech companies hopes to capture the Muslim-majority market with a Shariah compliant crowdfunding platform. Peer-to-peer […]

Taking Islamic regtech by design

A new global regtech association is working on making the Islamic finance industry an integral part of a comprehensive borderless […]

Dubai opens application for fintech accelerator program

Dubai is competing with London, New York, Singapore and Hong Kong to attract promising technopreneurs to the emirate in its […]

Islamic agri-crowdfunding platform to debut in Q4

The Shariah compliant crowdfunding community could soon welcome another peer as a Saudi platform is looking to enter the space […]

Islamic fintech training services underway

One of the oldest Islamic finance qualification providers in the world has partnered with an international Islamic and ethical fintech […]

ICD to launch incubator for Shariah-friendly fintech

The private arm of the Islamic Development Bank is exploring the idea of setting up a fintech incubator that would […]

IAP goes international

Malaysia’s Investment Account Platform (IAP) is raising money for its first foreign project, expanding the reach of the Shariah compliant […]

Islamic investment manager turns to big data and machine learning

Shariah compliant value-based asset manager Arabesque is leveraging on machine learning and big data to analyze and screen companies in […]

Yielders secures FCA accreditation; founder upbeat on growth trajectory

After two years since it began the process of securing formal regulatory recognition, equity property crowdfunder Yielders has finally gained […]

CIMB Group pushes fintech agenda with new DBS hire

One of the biggest (Islamic) banking groups in Malaysia has poached DBS Singapore’s head of digital banking to lead its […]

StanChart plans KL accelerator; eyes Islamic fintech start-ups

Standard Chartered Bank (StanChart) is keen to replicate the success of its SuperCharger Fintech Accelerator in Malaysia, and this time, […]

Investment managers to seize robo-advisory opportunity under new SC rules

Malaysia has become the first country in ASEAN to license robo-advisors, opening the doors for Islamic and conventional investment managers […]

The UK’s first digital Islamic bank in the works

A young start-up has begun the process of setting up a digital Islamic bank in the UK, with eyes on […]

The gold rush: Islamic fintech firms giving ICOs the Midas touch

At a time when the traditional investment space is being flooded by Shariah compliant gold-based/backed investments with many claiming to […]

NASIR ZUBAIRI – CEO of Luxembourg House of Financial Technology (LHoFT)

What opportunities can fintech bring to Luxembourg’s Islamic finance industry? We don’t have an Islamic bank in Luxembourg yet; we […]

JOBS Act clears the clouds for HalalSky

After almost two years since its inception, Austin-based HalalSky is finally operational, and will soon open its offerings to the […]

Islamic crowdfunding platform takes road less traveled by Shariah banks – joining the UN Global Compact

An Islamic crowdfunding platform has carved a name for itself by joining the United Nations Global Compact, a feat very […]

Dubai begins to regulate Islamic peer-to-peer financing

Dubai has followed in the steps of Kuala Lumpur to formally regulate Shariah compliant crowdfunding activities and has recently extended […]

UK Islamic equity crowdfunder wins support from US technopreneurs

The thought leaders behind the lauded Jumpstart Our Business Startups Act (JOBS Act), signed by then-president Barack Obama, has joined […]

Bahrain Islamic Bank to roll out fintech accelerator programs

Bahrain’s oldest Islamic bank is taking the lead in harnessing the power of fintech by means of collaboration. Bahrain Islamic […]

Islamic fintech – the dawn of Islamic finance 2.0?

Welcome to the launch issue of IFN Fintech, a new bespoke publication serving as your source to learn, explore and […]