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

As the Islamic finance industry becomes even more competitive driven by fintech, incumbent financial institutions are compelled to become more creative in expanding their...

Codebase Technologies to launch 11 cloud-based service propositions

Digital solutions provider Codebase Technologies (CBT) is targeting to launch at least 11 software as a service (SaaS) propositions by the end of this...

Saudi entities form consortium to set up Islamic digital bank

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,...

QIB boosts corporate banking digital capabilities

Qatar Islamic Bank (QIB) has rolled out another digital product targeting its corporate clients as it works toward fully digitizing its suite of corporate...

New commodity Murabahah platform enters the market

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...

Evolving market dynamics lead to surprising Takaful uptake, finds digital comparison platform

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...

Codebase Technologies expands open banking capabilities

Open banking solutions provider Codebase Technologies, which services the Islamic banking industry, is expanding its payment capabilities by partnering with PaymentComponents as the two...

Saudi start-up to scale up fintech offering with latest funding round

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...

Duha Syariah and Cashlez to provide digital Islamic SME financing

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...

Full of Zeal: Canadian Islamic trading platform to roll out ESG screening and expand internationally in Q1

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...

SYME wins Shariah approval for Inventory Monetisation Platform

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...

CapBay closes US$20 million Series A round

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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