Newsflash

Faysal Bank partners with Ripple for payments solution

Faysal Bank, one of Pakistan’s largest Islamic banking branch networks, has partnered with US-based fintech firm Ripple to launch a blockchain-powered digital payments solution. FBL will be joining more than 200 financial institutions and...


Newsflash

DIFC reaches fintech milestone

The Dubai International Financial Centre (DIFC) has grown the number of registered fintech firms by threefold since December 2018 to over 100 fintech firms. These include Islamic fintech firms such as Wethaq, which received an innovation testing...


Newsflash

Jibrel unveils private financing platform

Jibrel Network, which was recently accepted into the Abu Dhabi Global Market RegLab program, has launched its private blockchain-based financing platform, Jibrel.com. The Swiss start-up, which was involved in Al Hilal Bank’s blockchain Sukuk in...


Newsflash

Ithmaar Bank to upgrade CRM platform

Bahrain’s Ithmaar Bank plans to upgrade its customer relationship management (CRM) platform, following its appointment of banking solutions expert and Microsoft partner VeriPark Gulf FZE to implement the upgrade. VeriPark will assist the Islamic...


Newsflash

Emirates NBD to roll out voice banking through Amazon Alexa

Emirates NBD, which offers Islamic banking services, is poised to launch voice banking services through Amazon Alexa, as part of its collaboration with Amazon Web Services announced earlier this year. Emirates NBD Voice Bank, which would enable...


Newsflash

Dubai Financial Market launches electronic dividend distribution service

Dubai Financial Market has launched an electronic service (myAccount) enabling investors to transfer dividends amounts to their iVESTOR Card accounts, bank accounts as well as to pay for IPOs and right issues subscription. The Shariah compliant...


Newsflash

Saudi finance ministry warns against cryptocurrencies

The Saudi Arabian Ministry of Finance (MOF) has issued a warning against dealing or investing in virtual currencies as they are not recognized by legal entities in the Kingdom. The Kingdom does not have any regulatory framework covering digital...


Newsflash

Securities Commission Malaysia restructures digital strategy and innovation unit

Securities Commission Malaysia (SC) has embarked on a reorganization, bringing its Technology Department and People and Organization Development Department under the ambit of the Corporate Resources business group which will be led by Deputy Chief...


Newsflash

KIB launches video call service

Shariah compliant Kuwait International Bank (KIB) has introduced a video call service, enabling customers to complete transactions via video call. Transactions allowed include releasing/holding bank account requests, delivery requests, notification...


Newsflash

ADIB joins trade blockchain platform

Abu Dhabi Islamic Bank (ADIB) together with seven other banks have joined UAE Trade Connect (UTC), a new nationwide blockchain trade finance platform launched by Etisalat Digital, in partnership with First Abu Dhabi Bank (FAB) and Avanza. ...