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Open banking and debt crowdfunding: Saudi takes action

The Central Bank of Saudi Arabia (SAMA) has finalized regulations for debt crowdfunding activities following a six-month market consultation period initiated in July 2020,...

City Bank executes blockchain Islamic trade finance deal

City Bank, in partnership with the International Islamic Trade Finance Corporation (ITFC), has executed a Shariah compliant cross-border letter of credit (LC) transaction, becoming...

Yielders initiates management reshuffling

The UK’s first regulated Islamic crowdfunding platform has overhauled its management lineup with its founding CEO stepping down after five and a half years...

Indonesia embraces securities crowdfunding as it turns to tech to develop capital markets

Starting 2021 on a productive note, the Indonesian Financial Services Authority, Otoritas Jasa Keuangan (OJK), has officially introduced securities crowdfunding to the Republic as...

Malaysia one step closer to Islamic digital bank dream

Joining its regional peers, Bank Negara Malaysia (BNM) has finally entered the challenger banking race with its long-awaited digital banking regulations. The new licensing framework,...

Fintech start-ups new opportunity for commodity Murabahah broker as transaction volume from banks dips

Commodity Murabahah business from traditional Islamic financial institutions may have taken a hit due to the pandemic, but for broker Eiger Trading Advisors, this...

Bursa Malaysia keen to explore blockchain Sukuk

Malaysia’s stock exchange this month completed a bond on blockchain proof-of-concept (POC). IFN Fintech has learned that the bourse is interested to potentially execute...

Central Bank of Oman enters fintech playground with sandbox

The Central Bank of Oman (CBO) has followed in the footsteps of its peers by launching its Fintech Regulatory Sandbox, as the Sultanate gears...

SSC Capital prepares to unveil Tanzania’s first Islamic robo-advisor in Q1

Looking to strengthen its place in the Tanzanian Islamic finance marketplace, SSC Capital is looking to roll out another Shariah compliant product to bridge...

Oman’s CMA plans Islamic crowdfunding platform and Takaful blockchain project

Oman’s Capital Market Authority (CMA) is exploring new fintech initiatives including implementing distributed ledger technology for the Takaful and insurance sector as well as...

Ovamba’s digital trade finance solutions to enter Egyptian market

SMEs in Egypt will soon have access to Shariah compliant digital trade financing thanks to an African fintech start-up expanding into the North African...

Ithmaar Bank hires cybersecurity firm to protect brand

Ithmaar Bank has enhanced its cybersecurity architecture with a digital risk protection solution in a bid to protect its customers and the general public...

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