Hanif Namora

ALAMI and Indonesia’s National Committee for Islamic Economy and Finance (KNEKS) have signed an MoU to jointly develop Islamic finance, particularly in the area of Shariah finance literacy.

The Indonesian Islamic securities crowdfunding space has grown with LBS Urun securing a license from the Indonesian Financial Authority, or Otoritas Jasa Keuangan (OJK), allowing the Shariah fintech start-up to provide alternative financing for SMEs in the form of equity or Sukuk.

Following the launch of its robo-advisory services in 2020, UAE investment manager Wealthface has launched a premium trading account for millennials and professional traders in the MENA region and in the US. One of its perks: Halal trading facilitation.

Ethiopia’s Bank of Abyssinia has gone live with new Islamic banking systems to boost its Islamic banking window operations.