Here are the top Islamic fintech stories in November. Blockchain and cryptocurrency Blockchain-based cash Waqf platform Digiwaqf is set to launch...

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).  

INDONESIA: Blockchain-based payment company WadzPay has partnered with the Hajj Fund Management Agency of Indonesia, or Badan Pengelola Keuangan...

EGYPT: Codebase Technologies has partnered with eFinance Investment Group to introduce Banking-as-a-Service (BaaS) solutions in Egypt. This joint venture...

SME digital finance platform Funding Societies has partnered with Malaysia’s Halal Development Corporation (HDC) to improve the Halal sector’s access to Shariah compliant digital financing facilities.

Islamic fintech start-up Tamara is yet another Saudi start-up which has captured the interest of global investors evident by its latest funding round.

Brighsun EV Group, an Australian firm focusing on new energy technology, has issued the 2UT STO token, a Shariah compliant security token also known as RAMZ.

Eiger Trading Advisors has become fully carbon-neutral, IFN has learned.

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.

QATAR: Shariah compliant Lesha Bank has upgraded its banking system to banking software company Temenos's Transact R23 product, a...

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.

Saudi Islamic fintech start-up LYNK has raised an undisclosed amount of investment which it will use to develop new products and expand its geographical footprint.

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.

Watania Takaful and insurtech seed fund Shory are “exploring collaboration” on a range of new digital-backed offerings for the UAE.

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.

QATAR: Qatar Islamic Bank (QIB) has launched new features on its mobile app, including a Travel Takaful plan, instant...

UAE: Blockchain-based cash Waqf platform Digiwaqf is set to launch in mid-November this year, reported ISFI. Digiwaqf will act as...

The Islamic finance industry has welcomed its first Islamic fintech unicorn, Tabby, a buy-now-pay-later (BNPL) platform as the Middle Eastern firm secured a US$200 million Series D funding.