New York-headquartered Islamic robo-advisor Wahed has officially expanded into the UAE, having secured a financial services permission (FSP) from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM).
Maybank Asset Management (MAM) has launched its Shariah compliant Hyper-Customised Discretionary Portfolio Mandate (DPM) in partnership with Arabesque AI for high-net-worth investors in Malaysia. This mandate leverages the power of artificial intelligence (AI) and advanced data analytics to construct portfolios that align with the principles of Shariah.
Ouch!, the only insurtech start-up in Bank Negara Malaysia (BNM)’s regulatory sandbox with a Takaful proposition, is looking to introduce a new product hopefully in 2024, according to CEO Shazy Noorazman.
Sahal, the Shariah compliant self-custodial DeFi wallet part of the MRHB ecosystem, has integrated crypto exchange functionality via the LetsExchange API, therefore allowing users to swap cryptocurrencies directly in their wallet without visiting external sites.
Malaysia-based Fusang Exchange has detokenized its first listed digital sovereign-linked Sukuk, completing a proof-of-concept (PoC) which could pave the way for greater enhancement to the tokenization of institutional Sukuk.