Friday, May 20, 2022

Nessreen Tamano

Cambodia to welcome Shariah compliant digital financial services

Singapore-based Bankograph, a digital banking solutions provider, has partnered with Cambodia Asia Bank (CAB), a commercial bank with its headquarters in Phnom Penh, to offer Shariah compliant products to Cambodian customers.

Singaporean company invests in Islamic neobank to boost Indonesian insurtech sector

Singapore’s ZA Tech Global, a digital insurance solutions provider, is the latest strategic business partner and investor of Bank Aladin, an Indonesian Islamic digital bank, to collaborate on insurtech offerings for Indonesian consumers.

Albania to have its first digital Murabahah platform in June 2022

Albania can expect to welcome its first digitalized Murabahah platform in less than three months, Amel Kovacevic, CEO of United Bank of Albania (UBA), told IFN, the sister publication of IFN Fintech.

Islamic bank and telecoms company jointly launch mobile financing solution in Kenya

Gulf African Bank (GAB), one of Kenya's three fully-fledged Islamic banks, has partnered with telecoms company Safaricom to launch Halal Pesa, a Shariah compliant mobile financing solution.

SHUAA rolls out new Islamic venture fund for tech companies

High-growth technology companies across the GCC region can expect a boost in capital funding with the launch of SHUAA Capital’s latest Shariah compliant fund, SHUAA Venture Partners.

Digital solutions company develops Tawarruq platform for Senegalese market

BBS Invest, a Senegalese payment and digital solutions company, is currently working on what it says is the first SMART Tawarruq platform developed in West Africa.

Saudi crowdfunding platform to focus on Islamic financing with latest seed round

The thriving Saudi Shariah compliant financing sector can expect to welcome a new player: Funding Souq, a homegrown digital lending platform that has recently closed a successful seed round, which is hoped to support its transition to more Islamic financial transactions.

Uzbek Islamic fintech gets boost for superapp ambitions with successful seed round

Islamic fintech start-up IMAN, headquartered in Muslim-majority Uzbekistan, has successfully closed a US$1 million seed round led by institutional investors based in Singapore and the US.

New Shariah compliant digital bank enters the Saudi market

In line with its commitment to developing and supporting innovation in the local banking sector, the Saudi Central Bank (SAMA) has granted a license to a new Shariah compliant digital bank — the third neobank to be established in the Kingdom.

Gambian Islamic finance consultancy partners with UAE firm to focus on Islamic fintech

Equity Solutionz, a company focusing on tax, audit, accounting and information technology solutions, announced that it has signed an MoU with global Islamic finance consulting firm Fineopolis to collaborate in their respective areas of expertise. Fineopolis is a Shariah advisory group based in Dubai, the UAE with a focus on sustainable development goals.
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