Reports

HelloGold selected to present at UN

Malaysia’s HelloGold is one of a handful invited by the United Nations Secretary-General’s Task Force on Digital Financing on the Sustainable Goals, through the Digital Finance for the Sustainable Development Goals (SDGs) Challenge, to present...


Reports

Yielders eyes fund management license to tap institutional market including Waqf

UK Islamic crowdfunding platform Yielders is seeking approval by the Financial Conduct Authority (FCA) to execute fund management services, which would allow the country’s first regulated Islamic fintech start-up to expand its product range and...


Reports

Wahed Invest closes multimillion-dollar investment with Dubai tech fund

The subsidiary of a government-backed agency has invested millions of dollars into Islamic robo-advisor Wahed Invest, bolstering the New York-headquartered start-up’s US$100 million valuation. Without disclosing actual figures and the terms of...


Reports

New Islamic gold crypto to hit market

Another gold-backed, claiming Shariah compliance, is expected to enter the UAE market before the end of 2019. Little is known about Golden M Group, except that its proposed COIN M would be backed by physical gold and is open to investor for as...


Reports

Hong Kong firm secures buy-in from Malaysian government to build blockchain-based Islamic financial system

TideiSun Group (iSunOne) has secured the support of the Malaysia Productivity Council (MPC) to build an Islamic financial system on the blockchain, which IFN Fintech has learned, would involve a Shariah compliant virtual bank. The partnership...


Reports

IDB leverages crowdfunding to part-finance projects in Africa and Central Asia

As it made science, technology and innovation a cornerstone in its renewed strategy presented last year, the IDB is leveraging fintech by tapping into crowdfunding to fund a pilot project in aid of Nigeria. As part of a US$238.1 million-worth...


Reports

Could the UK become an Islamic fintech hub?

The Lord Mayor of the City of London, Alderman Peter Estlin, certainly believes so. But this could only be achieved with the help of allies. Widely acknowledged as the Islamic finance hub of Europe, the UK’s credentials speak for itself: it...


Reports

Shariah super app for banking now a reality in Indonesia

In a country where mobile phone users outnumber bank accountholders, Indonesia’s PermataBank is banking on its super app to attract the unbanked and underbanked population into the Islamic financial system on the back of a national financial...


Reports

Dubai stake claim to Islamic fintech hub title; DIFC Hive accepts largest Shariah fintech cohort

The Dubai International Financial Center (DIFC) has launched the third edition of its fintech accelerator program, welcoming its largest cohort yet. It also comprises the greatest number of Islamic fintech start-ups, underscoring the center’s...


Reports

UAE bank concludes first cross-border blockchain trade deal with Islami Bank Bangladesh

With a growing chorus of banks in the Emirates increasingly exploring blockchain technology to optimize trade finance, one bank has completed its first live end-to-end blockchain-based trade with Bangladesh’s largest Islamic bank. Moving US$6...