Tuesday, October 20, 2020
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Tag: Regulations

Going live: Pakistan to test non-banking fintech solutions in sandbox

Almost eight months in the making, the Securities and Exchange Commission of Pakistan (SECP) is finally allowing its first cohort to test...

Iran’s new capital market taskforce to address tech infrastructure

Iran’s newly minted Capital Market Consultative and Advisory Taskforce, established by the Iranian Securities and Exchange Organization (SEO), will house a dedicated...

Egypt to set up fintech regulatory sandbox following approval of non-banking fintech draft law

Egypt’s Financial Regulatory Authority (FRA) has approved a draft law to develop and regulate fintech in non-banking activities, just weeks after forming...

Indonesian regulator appoints new Islamic fintech gatekeeper to develop industry

The Indonesian Shariah Fintech Association (AFSI) has been appointed by the regulator to assist with developing Islamic fintech in Indonesia. AFSI has...

Malaysia and Indonesia’s collaborative fintech framework likely to benefit Islamic sector

The Securities Commission Malaysia (SC) and Indonesia’s Financial Services Authority, or Otoritas Jasa Keuangan (OJK), have signed an agreement to establish a collaborative framework for a fintech...

Formation of Malaysian national Islamic fintech taskforce underway

Efforts to set up a national Islamic fintech taskforce in Malaysia are underway, with its mandate set and several institutions showing initial...

INTERVIEW: Malaysia building its Islamic fintech proposition

In this interview, Norhizam Kadir, the vice-president of Fintech and Islamic Digital Economy at Malaysia Digital Economy Corporation (MDEC), provides his insights...

Malaysian Islamic fintech stakeholders have determined nine strategic priority areas

All nine strategic priority areas were drafted based on the input given by the decision-makers and leaders from the Islamic finance industry,...

Philippine’s digital banking guidelines to open door for Islamic digital banks

Shariah compliant digital banks could be a reality in the Philippines as Bangko Sentral ng Pilipinas (BSP) is set to issue guidelines for digital banks...

Saudi issues draft regulations on debt-based crowdfunding as number of Islamic fintech companies grows

The Saudi Arabian Monetary Authority (SAMA) has launched draft regulations on debt-based crowdfunding in the Kingdom, now open for public feedback, as part of...

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Saudi’s e-commerce boom attracting Shariah compliant fintech start-ups

The Saudi government’s aggressive push to develop its e-commerce sector for its cash-rich citizens in a bid to divorce itself from its...

UK’s largest Islamic bank to boost digital offerings

UK’s first Islamic bank will be enhancing its digital offerings, encouraged by the strong uptake in digital channels by its customers.

SIBL first Islamic bank to implement digital onboarding; more to follow

Social Islami Bank (SIBL) has become the first Shariah bank in Bangladesh to enable a fully digital onboarding experience, setting the foundation...

Digital at its core: FWD Takaful to roll out new online products

When a Hong Kong billionaire invests into a Takaful firm, you can be rest assured it would make global headlines – and...