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Editor's Pick

Ballooning inflation makes cryptocurrencies ever so appealing to Iranians

With the local rial losing its value and an increasingly difficult environment to do cross-border business due to persisting economic embargoes, the Iranian government...

Beyond basic banking: Insha secures seed funding; plans expansion and Islamic investment product debut

After providing basic banking services for the last two years, Germany’s only digital Islamic bank will be rolling out Shariah compliant investment products as...

Saudi’s e-commerce boom attracting Shariah compliant fintech start-ups

The Saudi government’s aggressive push to develop its e-commerce sector for its cash-rich citizens in a bid to divorce itself from its hydrocarbon dependence...

Sterling Bank begins restructuring to pave way for digital Islamic bank

Nigeria’s 10 million potential Islamic banking customers are one of the reasons why Sterling Bank is overhauling its operations to lay the foundations for...

Sophomore Indonesian micro smart Sukuk in the works

In October 2019, a Yogyakarta-based Islamic microfinance cooperative broke new ground with its primary Sukuk issuance on blockchain using Blossom Finance’s SmartSukuk platform. The...

Indonesian unicorn lends magic to Islamic digital economy

Indonesians can expect to access more Shariah financial products through e-commerce site Tokopedia as the tech unicorn carves a new partnership with Islamic bank...

Pakistan to attract diaspora investments with digital Shariah sovereign instruments

The State Bank of Pakistan (SBP) has laid the digital railway to enable citizens abroad to invest in Shariah compliant sovereign investment papers remotely,...

Egypt to set up fintech regulatory sandbox following approval of non-banking fintech draft law

Egypt’s Financial Regulatory Authority (FRA) has approved a draft law to develop and regulate fintech in non-banking activities, just weeks after forming the committee...

Islamic fintech in 2020: A silver lining amid coronavirus storm

2020 is tumultuous to say the least. The global economy is kneecapped as countless industries continue to suffer from the ongoing coronavirus shock. As...

IFN Fintech Survey 2020 Results

Throughout June to August 2020, IFN surveyed 142 founders and CEOs of fintech start-ups providing Shariah compliant services and products. Opinions and data from...

Could going digital be the shot-in-the-arm for Libya’s ailing Shariah finance industry?

Described by some as dead in the water, Islamic banking never took off in a meaningful way in war-stricken Libya despite efforts to convert...

World Islamic Fintech Awards 2019: Strength in diversity

After a global call for nominations and a lengthy deliberation process, IFN Fintech is pleased to reveal the winners of the prestigious World Islamic...

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