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Beyond basic banking: Insha secures seed funding; plans expansion and Islamic investment product debut

After providing basic banking services for the last two years, Germany’s only digital Islamic bank will be rolling out Shariah compliant investment products as...

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...

Wahed Invest begins pilot test in Bahrain; expands investment committee

New York-based Islamic robo-advisor Wahed Invest has begun testing its technology in Bahrain, ticking off another country from its international growth strategy. The Halal...

Airo Malaysia seeing “promising initial performance” from Islamic portfolio

Robo-advisory platform Airo Malaysia recently launched its Shariah compliant portfolio to fulfil the increasing demand for investments aligned with Islamic principles. Airo has three Islamic...

New Islamic digital bank to launch in the UAE

ruya, a new digital Islamic community bank, is set to officially launch in the UAE market, aiming to be the first of its kind in the country.

Maybank Islamic launches Malaysia’s first digital Zakat auto debit

Maybank Islamic, the largest Islamic bank in Malaysia, has introduced digital Zakat auto debut for its Shariah compliant deposits and investment accounts, said to be the first in the country.

Gilded obtains Fatwa for gold product to boost MENA expansion

UAE-based Gilded, a gold digital investment platform, has secured a Shariah compliance certification for its investment offering to strengthen its proposition and reach in the MENA region.

Primary Finance rebrands to Pfida; plans new products

UK-based Primary Finance has completed a year-long rebranding exercise in line with the start-up’s ambition of becoming a full-service Islamic fintech alternative, with a couple of new products slated in the coming year, IFN Fintech has learned.

ETHIS and Bluedomes Mines to support Halal entrepreneurship

Islamic crowdfunding platform ETHIS Malaysia has partnered with Bluedomes Mines to support Shariah-focused start-ups and entrepreneurship in Malaysia.

Qatar’s 2023 fintech strategy prioritizes Islamic banking and insurance

Sheikh Bandar Mohammed Saoud Al-Thani, the governor of the Qatar Central Bank (QCB), has launched the National FinTech Strategy of the Sultanate for the year 2023, which is expected to boost the country's wider fintech sector.

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