Friday, October 22, 2021
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HDC and CMM to promote Islamic...

Halal Development Corporation (HDC) and Capital Markets Malaysia are undertaking a year-long joint awareness and industry engagement initiative to...

Ethis Malaysia facilitates largest Islamic ECF...

E-commerce platform Baloy has raised over RM6.18 million (US$1.49 million) through an Islamic equity crowdfunding (ECF) exercise, one of the largest ECF campaigns in Malaysia.

MoneyMatch to offer Shariah P2P solutions...

Following a successful Islamic investment deal on microLEAP’s platform, cross-border payment fintech start-up MoneyMatch has formed a partnership with...

Saudi Central Bank issues insurtech draft...

Saudi Arabia, one of the largest Islamic insurance markets in the world, has released a draft law on insurance...

IBF Net rolls out Sadaqah platform...

In an industry first, IBF Net has launched a blockchain-driven project aiming to mainstream and institutionalize charitable and benevolent...

AAOIFI approves exposure draft on Islamic...

After giving its initial greenlight in June, the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) has finally...

MRHB DeFI secures investments from the...

London-based investment platform Mozaic has invested an undisclosed sum into Australia-based Marhaba Decentralized Financial Platform (MRHB DeFi), which would be channeled toward supporting the latter’s UK outreach.

Sedania submits license bid for Waqf...

Sedania As Salam Capital (SASC), an Islamic fintech solutions provider owned by Malaysian company Sedania Innovator, has joined the race to secure a digital banking license in the country, past the 30th June 2021 deadline that Bank Negara Malaysia had set for applications.

Maydan Capital launches ethical equity crowdfunding...

Maydan Capital, which recently launched an equity crowdfunding platform that offers technology-focused investors ethical and Halal investment opportunities. “Too often,...

Islamic fintech in a post-COVID world

Islamic fintech is gaining more mainstream recognition, evident by greater investments into Shariah fintech start-ups and stronger regulatory support...

SBP mandates digitization

The State Bank of Pakistan (SBP) has made it mandatory for its regulated entities including banks, microfinance banks, payment...

CBB introduces e-cheques

The Central Bank of Bahrain (CBB) has introduced the Bahrain Electronic Cheque System implemented by BENEFIT Company, a press...

Bupa Arabia’s new LLC to invest...

The largest insurer in one of the world’s largest Shariah compliant insurance markets has secured a nod from the...

Malaysian and Turkish fintech companies to...

A digital Tawarruq platform for Islamic banks in Turkey may become a reality under a new Malaysian–Turkish fintech partnership....

INABLR to roll out fractional Sukuk...

A wealthtech start-up is working on introducing an investment platform allowing fractional Sukuk and bond investments in Bahrain next...

CBB instructs financial institutions to initiate...

Having commenced the first phase of the Bahrain Open Banking Framework (Bahrain OBF) in May 2020, the Central Bank...

Algorand and partners to launch DeFi...

Shariah compliant blockchain platform Algorand has entered into a partnership with SkyBridge Capital and NAX to launch UNLOX, an...

ADIB enhances payment options with fintech...

Abu Dhabi Islamic Bank (ADIB) has collaborated with a local fintech company to expand payment options for UAE consumers. The...