Saturday, April 13, 2024

IFN Fintech

SIDB secures license

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

Junaid Wahedna makes way for new CEO as he...

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

Malaysian Islamic fintech aspirant partners with Ant International to...

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.

Wahed sets up Palestinian start-up investment fund

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 partners with Taskeen

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

Rakeez Capital lands US$2 million investment

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.

IDLC adopts AbabilNG

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

Mamun Ventures allocates funding

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

AlinmaPay becomes Sukna Ventures’s limited partner

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

Islamic charity app receives upgrade to facilitate crypto donations

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

Saudi Islamic fintech community grows with new licensees

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 introduces payment oversight framework

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.

Islamic fintech unicorn Tabby secures US$700 million from JPMorgan

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.

Blockchain payment solutions for pilgrims

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

Codebase Technologies to introduce BaaS solutions

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

Eiger becomes carbon-neutral

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

Lesha Bank engages Temenos

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

Islamic DeFi wallet integrates crypto exchange functionality

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 Shory to jointly explore new digital...

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

QIB introduces new app features

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

Digiwaqf to launch in November

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

MDEC partners with TKBB

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

SAMA grants license to ReTech

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

Ajman Bank courts Codebase Technologies to build superapp

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