IFN Fintech

Kuwait International Bank (KIB) has launched a real estate digital platform, another initiative in a string of fintech measures the Islamic bank has introduced as part of its digital transformation strategy.

Pakistan's Abhi, Salaam Takaful and SmartDealer Technologies have signed a tri-party agreement to provide...

Dubai-based wellness-focused insurtech platform Wellx has concluded a US$2 million seed funding round, which will be channeled toward expanding in the region and developing its technology infrastructure.

Shariah compliant crypto assets exchange CoinMENA has partnered with marketing automation and retention platform MoEngage to driver personalization.

The Saudi Central Bank (SAMA) has licensed Fas Finance Company, allowing it to provide fintech-driven microfinance solutions to consumers in Saudi Arabia.

Maybank Islamic, the largest Islamic bank in Malaysia, has introduced digital Zakat auto debut for its Shariah compliant deposits and investment accounts, said to be the first in the country.

UAE-based Astra Tech, the owner of communications platform Botim, has formed a joint venture...

Digital Takaful platform Takadao and technology-based solutions provider IBF Net have signed an MoU...

Shariah compliant crypto assets platform Rain has partnered with Lightspark to integrate and offer the bitcoin Lightning Network, allowing users to execute real-time transactions at reduced fees.

UK-based Islamic P2P financier Qardus has hit its GBP300,002 (US$381,228) equity fundraising target ahead of the campaign closing.

Islamic Coin has raised another US$200 million, this time from ABO Digital, a subsidiary of multi-family office Alpha Blue Ocean Group.

The Islamic Development Bank Institute (IsDBI) has submitted a patent application for its Smart Stabilization System to the Intellectual Property Office of Singapore (IPOS) as part of its drive to develop fintech solutions for socio-economic development challenges facing IsDB member countries.

Shariah compliant crypto trading platform Biokript has joined Microsoft for Startups Founders Hub, a global program dedicated to accelerating high potential start-ups for exponential growth, according to a press release.

Kuwait International Bank (KIB) has joined the Visa Ready for Fintech Enablement program as...

The Securities Commission Malaysia (SC) has launched FIKRA ACE, a three-year initiative built upon its FIKRA Islamic fintech accelerator program, to enhance the Islamic capital market ecosystem.

Malaysia’s TNG Digital has expanded its Islamic digital fund portfolio in collaboration with Principal Asset Management (Principal Malaysia).

Cairo-based Islamic fintech start-up Agel has concluded a pre-seed round, raising an undisclosed seven-figure amount from local and international investors.

The Securities and Commodities Authority (SCA) of the UAE has collaborated with the General Council for Islamic Banks and Financial Institutions (CIBAFI) to run the ‘Digital Transformation Strategy in Islamic Financial Institutions’ workshop,.

Bank Negara Malaysia (BNM) this month issued a policy document on Risk Management in Technology (RMiT), requiring all financial institutions including licensed Islamic banks and Islamic digital banks as well as (re)Takaful operators and e-money license holders to implement robust risk management controls above the minimum regulatory standards.

Nomo Fintech, the technology start-up behind UK-based Islamic challenger bank Nomo, has promoted Simon Bateman to the role of CEO.

Qatari Islamic bank Masraf Al Rayan (MAR) has signed an MoU with fintech start-up KARTY to jointly deliver Halal digital finance solutions.

HAQQ Network has partnered with SUSHI, placing the latter as the initial decentralized exchange (DEX) for HAQQ Network and Islamic Coin users.

Dubai Islamic Bank (DIB) has chosen IBM Consulting as its services provider to accelerate its data transformation journey and help the bank to build a robust foundation and data roadmap.

The Islamic Finance Advisory (IFA), a division of the Islamic Council, has certified UK-based legal technology platform Waseeya’s services as Shariah compliant, according to an official post on LinkedIn.