Saturday, March 2, 2024

Marlena Kareem

Purchase of shares with Bursa Gold Dinar a possibility...

Bursa Malaysia launched the Bursa Gold Dinar (BGD), a digital platform to buy and sell 24k gold, as part of its repositioning as a multi-asset exchange on the 16th January this year. The ability to purchase stocks on Bursa Malaysia with the BGD may be in the cards “far down the line”, according to Umar Swift, CEO of Bursa Malaysia.

Sedania As Salam Capital and Wasiyyah Shoppe to launch...

Estate planning is a major challenge in Malaysia, with the upper bound of frozen assets in the country estimated at RM90 billion (US$19.36 billion). ISFI, the sister publication of IFN Fintech, spoke to Ariffin Sabirin, the founder of Wasiyyah Shoppe, and Khairul Nisa Ismail, CEO of Sedania As Salam Capital, about how they are collaborating to address the estate planning challenge for Muslims with the Hibah instrument.

XTCC to launch Islamic carbon credit investment suite

XTCC, a blockchain-enabled exchange-traded carbon credit investment provider, is set to launch a suite of Shariah compliant carbon credit investment products this week, Dr Scott Levy, the managing director of Al Waseelah, which is the issuance platform for XTCC’s Islamic offerings, told ISFI, IFN Fintech's sister publication.

MYEG issues Sukuk to fund blockchain platform development

Digital services company MY EG Services (MYEG), the concessionaire for Malaysia’s Electronic Government Multimedia Super Corridor flagship application, issued RM300 million (US$64.12 million)-worth of sustainability Sukuk in August 2023 to fund a blockchain project.

AEON’s Islamic digital bank to incorporate carbon emission considerations...

ACS Digital is looking to use carbon scoring as part of its credit rating methodology, according to Raja Teh Maimunah Raja Abdul Aziz, CEO of the AEON Financial Service-led Islamic digital bank.

Pakistani agri-fintech Digitt Plus to launch Shariah compliant super...

Digitt Plus, a Pakistani fintech focusing on enabling agricultural productivity, is developing Shariah compliant services to be offered under its soon-to-be launched super app, Ahmed Saleemi, CEO of Digitt Plus, told ISFI, the sister publication of IFN Fintech.

WeGro secures funding; aims to impact over 3,000 farmers...

WeGro Technologies, a Shariah compliant agricultural fintech start-up based in Dhaka, has secured US$100,000 in non-repayable funding from the Biniyog Briddhi program’s Impact Ready Matching Fund scheme.