IFN Fintech

UAE: Zain FinTech, the financial services arm of Zain, has signed an MoU with...

Following a meeting with its partners, the Islamic Development Bank Institute (IsDBI) has begun building a prototype for its patent-pending Smart Stabilization System.

Malaysian fintech firm Boost and telecommunications company Celcom have launched a two-in-one card, allowing users to access funds from the Boost digital wallet and utilize a pre-approved Shariah compliant credit line.

Yemen-based Tadhamon Bank has upgraded its core Islamic banking software to the latest version...

Bank of London and The Middle East (BLME) and its digital bank, Nomo, have relocated to a new office space in Canary Wharf.

Bahrain FinTech Bay (BFB) has appointed a new board of directors, following an acquisition by national payments network BENEFIT.

Qatar International Islamic Bank (QIIB) has signed an MoU with fintech company FynPay to expand its digital channels and geographical footprint as part of the bank’s digital transformation strategy.

In the wake of an investigation into potential regulatory breaches in marketing its coins in Dubai, Islamic Coin (ISLM) has continued with its listing plans, listing on two global exchanges.

UK-based Islamicly App has partnered with business consultancy firm Waslaah Holding Kuwait.

Saudi Central Bank (SAMA) has licensed two insurance aggregation companies and a new finance aggregation firm.

Saudi Arabia's Fawaz Abdulaziz Alhokair & Company (Cenomi Retail) has partnered with Islamic Buy...

Be U, the digital banking proposition of Bank Islam Malaysia, has launched Be U...

HSBC has launched its investment account opening service on the HSBC Malaysia mobile banking app, allowing HSBC Premier customers to open investment accounts with the bank on a fully digital platform.

Islamic Coin intends to conduct a Reg D public token offering in September 2023, according to an official statement.

Malaysia Digital Economy Corporation (MDEC) has signed an MoU with Halal Development Corporation (HDC) to encourage the development of Halal digital technology, such as the Halal Assurance System and Halal Traceability, and to increase digital adoption levels among entrepreneurs and SMEs.  

The Securities and Exchange Commission of Pakistan (SECP), in coordination with Google, Apple and the Pakistan Telecommunication Authority, has removed 120 illegal loan apps that were previously available at Google and Apple stores as part of its efforts to safeguard the public from falling into debt traps of illegal loan apps, a press release read.

UAE0-based fully-fledged Islamic bank Ajman Bank has introduced Google Pay for its debit and...

Takaful International Company (GIG Bahrain Takaful) has partnered with digital money app Beyon Money, launching a joint promotional campaign.

Loan Financing, a fintech company focused on microfinance, has secured a license from the...

Islamic P2P platform Themar has received Shariah certification from Shariyah Review Bureau. The Saudi Islamic...

Pakistan's Bank of Khyber (BOK) has signed an MoU with the Communications and Works Department of the government of Khyber Pakhtunkhwa to provide its corporate and digital platforms for various collections and services, according to a LinkedIn post.

SME digital financier Funding Societies has partnered with the fintech arm of Credit Guarantee Corporation Malaysia, CGC Digital, to provide digital credit guarantee through a Shariah compliant digital supply chain financing solution to better serve Malaysian micro and small businesses.

The Saudi Central Bank has granted Islamic P2P finance platform Themar with a license to provide crowdfunding solutions, bringing the number of authorized debt-based crowdfunding solutions provider in Saudi Arabia to seven.

Telr, an online payment gateway, and FlapKap, a financing platform focused on the MENA region, have partnered to offer Shariah compliant revenue-based financing to Telr merchants and SMEs.