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Caizcoin doubles down on marketing with new UFC ambassador following tumultuous progress

After a management rehaul as well as an unexpected delisting, Caizcoin, a Germany-based company positioning itself as an Islamic blockchain ecosystem, has welcomed UFC rising star Khamzat Chimaev as its ambassador.

Canadian blockchain Halal tokenization platform to begin license application in July as it works on PoC

Al Mabrook, a blockchain tokenization platform based in Ontario, is considering seeking an exempt market dealer (EMD) license from the Canadian securities regulator as part of its growth strategy to bring Halal blockchain-based funding and investment solutions to the North American market, IFN Fintech has learned.  

Bahrain releases new regulatory framework for digital tokens

The Central Bank of Bahrain (CBB) has has amended its digital assets framework, following a consultation process with industry stakeholders, to include virtual token...

National fintech hub potential shot in the arm for UK Islamic fintech

The UK’s Islamic fintech community could get a much-needed boost from the government as His Majesty’s Treasury has launched a new national hub for fintech named the Centre for Finance, Innovation and Technology (CFIT), enabling fintech firms to benefit from new waves of technological change and innovation— widening consumer choice, cutting costs and increasing efficiency.

IMAN Invest rolls out funding program to support Uzbek start-ups

The people behind an Uzbek Halal digital investment platform have set up a funding initiative to finance start-ups in the Republic.

Another royalty supports Islamic Coin

Sheikh Saeed Hamdan Mohammed Al Nahyan, a member of the UAE royal family who is notably the UAE naval chief rear admiral, has joined HAQQ Association as an advisor, in support of the rollout of Islamic Coin.

SC counting on Islamic P2P and ECF operators to spur capital market post-pandemic

Securities Commission Malaysia (SC) has opened new applications for Shariah P2P and equity crowdfunding (ECF) market operators with hopes of enhancing the Islamic fintech ecosystem and bolstering MSME funding access.

Malaysian advisory firm to tokenize Fatwa

Islamic finance and Halal advisory firm Adl Advisory will be tokenizing its Shariah pronouncements using IBF Net’s Credence platform, a sign of the expanding adoption and diversifying utility of blockchain technology within the Islamic finance industry.

Saudi crowdfunding platform to focus on Islamic financing with latest seed round

The thriving Saudi Shariah compliant financing sector can expect to welcome a new player: Funding Souq, a homegrown digital lending platform that has recently closed a successful seed round, which is hoped to support its transition to more Islamic financial transactions.

Uzbek Islamic fintech gets boost for superapp ambitions with successful seed round

Islamic fintech start-up IMAN, headquartered in Muslim-majority Uzbekistan, has successfully closed a US$1 million seed round led by institutional investors based in Singapore and the US.

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