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Islamic crypto exchange community grows with addition of another Bahraini licensed platform

Another Islamic cryptocurrency exchange joins the exclusive circle of fully licensed and operating digital assets exchanges globally, adding another feather to Bahrain’s Islamic fintech...

Islamic fintech company completes largest seed-funding round in Saudi Arabia

Local Shariah compliant fintech start-up Tamara, which specializes in buy-now-pay-later e-commerce solutions, has closed the largest seed-funding round in Saudi Arabia amid the Kingdom's...

Central Bank of Iran paves way for Islamic e-micropayments

Following months of consultation and groundwork, the Central Bank of Iran (CBI) has finally reviewed and approved regulations for electronic wallets in a bid...

Islamic social cryptos underway as part of Malaysian–Singaporean partnership

Singapore-headquartered Algorand and Kuala Lumpur-based IBF Net will be joining forces to engineer and launch to market a range of blockchain-based solutions including social...

Islamic fintech and digitization – integral part of Indonesia’s 2021-25 masterplan

The Indonesian financial regulator is preparing to engineer a holistic Islamic financial product ecosystem which includes digitizing Shariah instruments and rolling out new supporting...

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,...

Indonesian Islamic P2P start-up secures US$20 million series A round from healthcare impact fund

Indonesia may be grappling with the economic fallout of a ferocious pandemic, but for some, the unforgiving operating climate has been an opportunity to...

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...

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