Thursday, January 20, 2022

Vineeta Tan

SBP digitizes Islamic export finance operations

State Bank of Pakistan (SBP) has digitized the process of banks securing refinance from the central bank under the Islamic and conventional Export Finance Scheme (EFS).

Al Rajhi Bank acquires tech company as part of digitalization strategy

Building on its 2020 Bank of the Future strategy, Saudi Arabia's largest Islamic bank has acquired a technology company to support its digital transformation endeavors as it embraces its "Unbank the Bank" identity.

Rain closes US$110 million Series B round

Bahrain-licensed cryptocurrency exchange Rain has raised US$110 million in Series B funding which it will use to support its expansion plans into Turkey, Pakistan and the rest of MENA.

BNM paves way to regulate digital insurers and Takaful operators

Surging demand for digital Takaful and insurance services driven by the pandemic has led to Bank Negara Malaysia (BNM) to develop the Digital Insurance and Takaful Framework as it prepares to license digital insurance and Takaful operators (DITOs).

Digital Sukuk gaining increasing mainstream attention

A fintech start-up in Saudi Arabia has engaged a Shariah advisor to monitor and...

Islamic ESG universe expands with addition from Shariah robo-advisor

Islamic robo-advisor Wahed has become the first Halal digital investment manager to debut NASDAQ’s first Shariah compliant environmental, social and governance (ESG) exchange-traded fund (ETF), expanding the universe of Islamic ESG investment instruments.

Greenpro seeks to set up Islamic digital exchange in Labuan

Greenpro Capital Corp, which is part of a public-private partnership investment agreement to establish...

IBF eyes Islamic metaverse; sets up Indonesian CoE

Pursuing its ambition of engineering an Islamic meta economy, IBF Net Group has set up a center of excellence (CoE) in Jakarta to undertake research and development, building on an enhanced mandate for its training arm, Algotrain Academy.

Kuwaiti Islamic bank sets up fintech accelerator

Boubyan Bank, part of the group behind the world's first international Islamic digital bank, is taking the lead among financial institutions in Kuwait in setting up the country’s first fintech start-up accelerator program.

MRHB DeFi to launch Halal crypto opportunities in the UAE through Masary Capital partnership

Australian Halal decentralized finance (DeFi) platform, Marhaba (MHRB), has partnered with crypto firm Masary...