Tuesday, May 7, 2024

IFN Fintech

Arcapita invests in fintech companies

Islamic investment firm Arcapita Group Holdings has invested in five fintech companies through its new fintech-focused portfolio.

Egyptian digital investment platform closes US$20 million Series A...

Digital investment platform thndr has raised US$20 million in Series A funding which it will use to support its MENA expansion plans and product development pipeline.

Boost rolls out digital Islamic MSME financing solution

The fintech arm of telecommunications conglomerate Axiata has introduced a Shariah compliant digital finance...

UAE’s national blockchain-based trade finance platform welcomes first fully-fledged...

One of the largest Shariah banks in the world, Dubai Islamic Bank (DIB), has become an official member bank of UAE Trade Connect (UTC), a national commercialized blockchain trade finance platform.

Saudi Arabia: Sarwa gives up license; new start-up enters...

Robo-adviser Sarwa which expanded into Saudi Arabia January last year has requested the Capital...

Caizcoin readies private blockchain launch

Caizcoin, an Islamic blockchain company, has announced that it expects to launch its decentralized...

Maisarah Islamic Banking streamlines corporate and retail businesses with...

Maisarah Islamic Banking Services (MIBS), the Islamic window of Bank Dhofar, has signed an agreement with software provider axefinance to utilize Axe Credit Portal (ACP) software, a single platform to streamline its corporate and retail business lines.

DDCAP Group expands Malaysian team

Ahmad Nazir Che Yen has joined UK-headquartered DDCAP Group as the business development director...

iMAL maintains Shariah certification

Azentio Software in a statement confirmed that its iMAL R14.5 system which is part...

Saudi Central Bank updates crowdfunding rules

The Saudi Central Bank has updated its debt crowdfunding rules to further support fintech developments in the Kingdom.

Shoraka to aid Yayasan Hijrah Selangor’s Islamic finance migration...

A Malaysian foundation providing microloans to micro and small entrepreneurs in the state of...

Rupali Bank adopts MISL’s Islamic core banking system

Bangladesh-based Rupali Bank will be implementing Millennium Information Solution (MISL)’s Ababil NG Islamic core...

MRHB DeFI secures investments from the UK

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.

SBP mandates digitization

The State Bank of Pakistan (SBP) has made it mandatory for its regulated entities...

Watania upgrades digital architecture

National Takaful Company (Watania) has completed its implementation of Nutanix's Hyperconverged infrastructure technology to...

QIB expands direct remit service

Qatar Islamic Bank (QIB) has expanded its direct remit service to the Philippines and...

PSW partners with SBP

Pakistan Single Window (PSW) has collaborated with the State Bank of Pakistan (SBP) to...

Hijra Bank goes live on iMAL Islamic core banking...

Newly formed fully-fledged Shariah compliant Hijra Bank has gone live on Path Solutions's iMAL...

Khalid Howladar joins MRHB DeFi’s Governance Board as chairman

Khalid Howladar, the founder of Acreditus Partners, has been appointed as chairman of Marhaba Decentralized Financial Platform (MRHB DeFi)’s governance board, as part of an investment deal.

Sharjah Islamic Bank enters digital corporate banking space

Sharjah Islamic Bank has launched corporate digital banking services to better service SMEs. The launch...

IsDB unveils new digital platform

Following a successful pilot in Indonesia and Senegal, the Islamic Development Bank (IsDB) has officially rolled out a new digital platform to optimize operational efficiency, particularly in relation to financing disbursement and project management with member countries.

MDEC names Mahadhir Aziz as CEO

Malaysia Digital Economy Corporation (MDEC) has appointed Mahadhir Aziz as the new CEO effective...

Sharjah Islamic Bank unveils upgraded web platform

Sharjah Islamic Bank (SIB) has launch its enhanced website, designed for optimum user experience...

Alizz extends digital instant financing services to MSE

Alizz Islamic Bank has extended the Islamic Finance Initiation Network (IFIN) services for instant...