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IBF Net has unveiled the world's first Shariah compliant metaverse as part of its ambitious efforts to digitalize the Halal economy.

InvestSky, a social investing platform which offers Halal solutions, have secured US$3.4 million in pre-seed funding to aid the fintech start-up’s retail expansion in the GCC.

Kazakhstan-based Tayyab has signed an agreement with fintech venture builder Insha Ventures, a subsidiary of participation bank Albaraka Turk, to launch its business in Turkiye this year, IFN Fintech has learned.

Islamic fintech company Tayyab is looking to launch a Halal automotive financing product in January, bringing the Kazakhstani start-up one step closer to its Islamic digital banking ambition.

Currently in its final sprint of closing its post-seed round, Uzbekistan-based IMAN confirms that it will be applying for new licenses, including an Islamic banking one, beginning January and is on track to expand into new markets including Pakistan.

A Saudi fintech company and a Dubai-based regional blockchain paymentcompany have joined hands to deploy a digital wallet, designed specifically for Hajj and Umrah, across over one million point-of-sale (POS) terminals throughout Saudi Arabia.

myIOU, the Malaysian buy-now-pay-later (BNPL) arm of Australia-listed IOUpay, has achieved positive adjusted net operating cashflow for the fourth consecutive quarter in the July—September 2022 period. This is on the back of receiving a Shariah seal of approval and forming new partnerships with Islamic finance-related entities.

Tajik Halal challenger bank Alif Bank has named Gulanor Atobek as CEO as the founding team shifts its focus toward building a crypto proposition for the group.

Shariah compliant agricultural fintech start-up WeGro Technologies has partnered with United Commercial Bank (UCB) to increase Bangladesh-based farmers’ access to financing.

BackgroundFounded in 1998, DDCAP Group (DDCAP) is an industry-leading market intermediary and financial system solutions provider, connecting the global Islamic marketplace responsibly via its...