IFN Fintech

SAUDI ARABIA: Smart Interaction for Digital Brokerage (SIDB) has received a license from the...

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

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.

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.

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

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.

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

GLOBAL: Mamun Ventures, the venture capital arm of Shariah compliant fintech start-up mamun, has...

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

Singapore-based IBF DigiLabs has overhauled its Shariah compliant charity app in a bid to optimize charitable action using blockchain technology.

Riyadh-based Thara Investment Company, a Shariah compliant private family office, has won a license from the Saudi Central Bank (SAMA) to offer debt-based crowdfunding solutions.

Central Bank of Bahrain (CBB) has published the Financial Market Infrastructures (FMIs) and Payment Oversight Framework to, among others, promote innovation, enhance transparency as well as boost the reliability and resiliency of the Kingdom's financial system.

Buy Now Pay Later (BNPL) platform Tabby has secured US$700 million in debt financing from JPMorgan and extended its Series D financing to US$250 million at a US$1.5 billion valuation with participation from Hassana Investment Company, Soros Capital Management and Saudi Venture Capital Investment Company.

INDONESIA: Blockchain-based payment company WadzPay has partnered with the Hajj Fund Management Agency of...

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

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

QATAR: Shariah compliant Lesha Bank has upgraded its banking system to banking software company...

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.

QATAR: Qatar Islamic Bank (QIB) has launched new features on its mobile app, including...

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

GLOBAL: Malaysia Digital Economy Corporation (MDEC) has signed an MoU with the Association of...

SAUDI ARABIA: The Saudi Central Bank (SAMA) has granted ReTech Reinsurance Brokers Company with...

UAE-based Shariah compliant Ajman Bank has partnered with Codebase Technologies to build and launch...