Newsflash

AmBank introduces APIs to facilitate digital customer on-boarding and online acquisition for Rakuten Trade

AmBank, which offers Islamic solutions, has introduced application programming interfaces (APIs) powered by DuitNow to facilitate Rakuten Trade’s online acquisition and on-boarding of new customers. The DuitNow platform, operated by Payment...


Newsflash

Abu Dhabi Islamic Bank rolls out digital foreign exchange platform

Abu Dhabi Islamic Bank (ADIB) has launched ‘ADIB Direct eFX’, a solution allowing clients to secure online foreign exchange rates for international transfers and payments. The platform, part of the bank’s digital banking strategy, allows...


Newsflash

MRC proposes changes to Iranian crypto mining rules

The Majlis Research Center (MRC) of Iran has called for changes to cryptocurrency mining regulations to make the industry more profitable for miners and the economy, Financial Tribune reported. The changes include requiring the Energy Ministry...


Newsflash

RAKBANK implements national digital identity and e-signature solution across entire branch network

RAKBANK, which offers Islamic banking services, has implemented a national digital identity and digital signature solution, the UAE Pass registration, across all of its 36 branches. The UAE Pass, a government initiative to provide a single trusted...


Newsflash

Aafaq Islamic Finance goes live with Infosys’s Islamic banking solutions

UAE-based Aafaq Islamic Finance has gone live with Infosys Finacle’s Finacle Core, Islamic Banking and Payments solutions, confirmed a statement.


Newsflash

Wahed Invest hires Shariyah Review Bureau

Shariah compliant Wahed Invest has hired Shariyah Review Bureau to manage its Shariah compliance affairs from client agreements to the investment universe, including Islamic exchange-traded funds and virtual advisory terms, according to a press...


Newsflash

KFH launches digital-enabled branch

Kuwait Finance House (KFH) has launched its fourth digital self-banking station, KFH-Go, in Kuwait. The station, the first one in Sabah Al Ahmad Co-op, is an automated 24/7 branch offering a range of services including cardless cash withdrawals,...


Newsflash

Abu Dhabi Islamic Bank adopts Samsung Pay

Abu Dhabi Islamic Bank has adopted its first mobile wallet system, Samsung Pay. This allows Visa covered cardholders to make payments using their Samsung Pay-enabled devices at any contactless PoS reader worldwide. The service will be gradually...


Newsflash

AlKhair Capital explores fintech products

Saudi Arabia’s Shariah compliant AlKhair Capital is currently exploring the development of new products for investors while finalizing a new online brokerage system, Argaam reported citing Rayyan Al-Khowaiter, the head of business development. ...


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...