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Bank Islam’s partnership with digital app TheNoor could boost Shariah financial services

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As the Islamic finance industry becomes even more competitive driven by fintech, incumbent financial institutions are compelled to become more creative in expanding their...
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Codebase Technologies to launch 11 cloud-based service propositions

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Digital solutions provider Codebase Technologies (CBT) is targeting to launch at least 11 software as a service (SaaS) propositions by the end of this...
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Saudi entities form consortium to set up Islamic digital bank

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A consortium of Saudi commercial entities are banding together to set up a fully-fledged digital Islamic bank, one of the first in the region,...
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QIB boosts corporate banking digital capabilities

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Qatar Islamic Bank (QIB) has rolled out another digital product targeting its corporate clients as it works toward fully digitizing its suite of corporate...
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New commodity Murabahah platform enters the market

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The world’s largest interdealer broker is making its presence felt in the Islamic finance world through its subsidiary Tullett Prebon which has entered the...
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Evolving market dynamics lead to surprising Takaful uptake, finds digital comparison platform

Vineeta Tan - 0
A UAE-based regional financial product comparison platform has seen a surge in Takaful takeup on its platform, signaling a demand for Islamic insurance which...
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Codebase Technologies expands open banking capabilities

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Open banking solutions provider Codebase Technologies, which services the Islamic banking industry, is expanding its payment capabilities by partnering with PaymentComponents as the two...
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Saudi start-up to scale up fintech offering with latest funding round

Nessreen Tamano - 0
Saudi start-up FOODICS, a provider of cloud-based point-of-sale and restaurant management systems, has secured a Series B funding round worth US$20 million, which will...
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Duha Syariah and Cashlez to provide digital Islamic SME financing

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Online Shariah financing platform Duha Syariah has partnered with payment gateway Cashlez to bring digital Islamic financing to SMEs. Under this partnership, Cashlez merchants domiciled...
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Full of Zeal: Canadian Islamic trading platform to roll out ESG screening and expand internationally in Q1

Vineeta Tan - 1
Islamic digital trading platform The Zeal will be introducing ethical, social and governance (ESG) screenings in the weeks to come as the Toronto-headquartered start-up...
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SYME wins Shariah approval for Inventory Monetisation Platform

Vineeta Tan - 0
UK-based [email protected] Capital (SYME) has finally secured Shariah authorization for its Inventory Monetisation Platform as it prepares to conclude its first Islamic transaction this...
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CapBay closes US$20 million Series A round

Vineeta Tan - 0
Kuala Lumpur-based digital supply chain financier CapBay has secured US$20 million in Series A funding from a Singaporean venture capital (VC) firm which will...
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