Malaysian venture capital firm 1337 Ventures, which also holds an equity crowdfunding (ECF) license, is working on transforming its entire operations to be in compliant with Islamic principles as it seeks to capture Shariah compliant deal flows.
Abu Dhabi Islamic Bank (ADIB) has joined UAE Trade Connect (UTC), a national trade...
Funding Societies, a provider of Halal peer-to-peer (P2P) finance, is laying the building blocks...
Two Shariah compliant buy-now-pay-later (BNPL) platforms in Pakistan, KalPay and Muawin, have joined hands to complement their respective offerings.
Amanie Advisors has granted Dubai-based ComTech a Shariah compliance certificate for its ComTech Gold Token (CGO).
In a bid to boost retail participation in the capital market, the Securities and Exchange Commission of Pakistan (SECP) is banking on digital asset management companies (AMCs) to bridge the chasm. To this end, the regulator has released a concept note outlining the role of digital AMCs.
Three Islamic fintech start-ups have won financial grants from Saudi Aramco Entrepreneurship Center (Wa’ed) as part of the Fintech Accelerator Program, an initiative by Saudi regulators.
MRHB Network has listed its $MRHB token on Bitlocus crypto exchange, which will aid the Halal crypto firm expand in Europe.
A potential acquisition by Kuwait’s largest Islamic bank is nearing completion since the idea was first made public in 2017, and this is pushing forward a plan to introduce an Islamic digital bank in the State.
Uzbek Islamic fintech start-up IMAN Invest is on an aggressive expansion push, preparing to enter new segments, including the Web3 space, as well as to foray into the South Asian market, having secured funding commitments.
Saudi Islamic financier Alinma Bank has formed a fintech partnership with FOODICS to enhance its digital offering to small business owners and micro businesses in the Kingdom.
Bahrain-based Arab Financial Services (AFS), which offers Islamic digital payment solutions, will be expanding its payment technology footprint to Egypt. The firm, owned by 37 financial institutions across the Middle East and Africa, has put together a new team to spearhead the operations of its Egyptian hub.
Malaysia’s oldest Islamic bank has unveiled its cloud-native digital banking proposition, a move to capture the digital-native younger generation. It is targeting between 350,000 – 400,000 downloads for the app over the next 12 months.
After about a decade crucial foundational work, IBA Group has finally received its long-awaited regulatory go-ahead to operate as Australia’s first-ever Islamic bank; and in an interesting turn of events, it will forgo the traditional brick-and-mortar approach and instead, go fully digital.
IOUpay has named Malaysian Islamic banking veteran Wan Asmadi Wan Ahmad as the non-executive chairman of its board of directors as the Australian public listed firm prepares to roll out an Islamic fintech product over the next few months.