Blockchain trade finance platform supports Bangladeshi SMEs with new Shariah...
Decentralized global trade service provider Contour has launched a fully digital trade finance network specifically designed to offer Bangladeshi SMEs support in trade finance, particularly with letter...
View ArticleShariah banks welcome support in digital transformation
The global Islamic banking industry has been on the digital transformation route since the Fourth Industrial Revolution began in earnest almost a decade ago, but the COVID-19 pandemic, the impact of...
View ArticlePalestine looks to Jordan’s fintech development to model banking sector’s...
The Palestine Monetary Authority (PMA) has taken a step toward the digital transformation of Palestine’s banking sector by reviewing its neighbor Jordan’s financial technology development so far. The...
View ArticleNew Islamic neobank to enter US market in December 2021
The US market, which currently only has Fair as its lone challenger bank catering to Muslims in the country, can expect to welcome a new player by December 2021 as Islamic neobank Fardows finalizes its...
View ArticleNew Islamic fintech start-up could come out of collaboration between...
Preliminary discussions between Indonesia's Shariah compliant peer-to-peer platform ALAMI and Turkish officials could result in a new Islamic fintech start-up that serves both countries. The post New...
View ArticleCASE STUDY: ALAMI and ICS offer Islamic financing to healthcare sector
Shariah compliant peer-to-peer platform ALAMI and small business lending fintech company Impact Credit Solutions (ICS) have collaborated to provide Islamic financing to hospitals, clinics, pharmacies...
View ArticleSedania submits license bid for Waqf digital bank
Sedania As Salam Capital (SASC), an Islamic fintech solutions provider owned by Malaysian company Sedania Innovator, has joined the race to secure a digital banking license in the country, past the...
View ArticleIndonesia encourages MSMEs to turn to Shariah crowdfunding
Indonesia’s Komite Nasional Ekonomi dan Keuangan Syariah (KNEKS), or the National Committee for Islamic Economy and Finance, has amped up its support for the country’s MSME and Halal sector with its...
View ArticleState Bank of Pakistan’s new framework could pave the way for first Islamic...
The State Bank of Pakistan (SBP) has accelerated its drive to set up digital banks in Pakistan — both Islamic and conventional — with its recently released Licensing and Regulatory Framework for...
View ArticleDigital services company prepares to serve SMEs with Islamic financial ecosystem
Digital financial services company M24, which has expressed its interest in becoming an Islamic digital bank in Malaysia, has announced its plan to establish an Islamic digital ecosystem serving SMEs,...
View ArticleGambian Islamic finance consultancy partners with UAE firm to focus on...
Equity Solutionz, a company focusing on tax, audit, accounting and information technology solutions, announced that it has signed an MoU with global Islamic finance consulting firm Fineopolis to...
View ArticleNew Shariah compliant digital bank enters the Saudi market
In line with its commitment to developing and supporting innovation in the local banking sector, the Saudi Central Bank (SAMA) has granted a license to a new Shariah compliant digital bank — the third...
View ArticleUzbek Islamic fintech gets boost for superapp ambitions with successful seed...
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. The post...
View ArticleSaudi 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...
View ArticleDigital solutions company develops Tawarruq platform for Senegalese market
BBS Invest, a Senegalese payment and digital solutions company, is currently working on what it says is the first SMART Tawarruq platform developed in West Africa. The post Digital solutions company...
View ArticleSHUAA rolls out new Islamic venture fund for tech companies
High-growth technology companies across the GCC region can expect a boost in capital funding with the launch of SHUAA Capital’s latest Shariah compliant fund, SHUAA Venture Partners. The post SHUAA...
View ArticleIslamic bank and telecoms company jointly launch mobile financing solution in...
Gulf African Bank (GAB), one of Kenya's three fully-fledged Islamic banks, has partnered with telecoms company Safaricom to launch Halal Pesa, a Shariah compliant mobile financing solution. The post...
View ArticleAlbania to have its first digital Murabahah platform in June 2022
Albania can expect to welcome its first digitalized Murabahah platform in less than three months, Amel Kovacevic, CEO of United Bank of Albania (UBA), told IFN, the sister publication of IFN Fintech....
View ArticleSingaporean company invests in Islamic neobank to boost Indonesian insurtech...
Singapore’s ZA Tech Global, a digital insurance solutions provider, is the latest strategic business partner and investor of Bank Aladin, an Indonesian Islamic digital bank, to collaborate on insurtech...
View ArticleCambodia to welcome Shariah compliant digital financial services
Singapore-based Bankograph, a digital banking solutions provider, has partnered with Cambodia Asia Bank (CAB), a commercial bank with its headquarters in Phnom Penh, to offer Shariah compliant products...
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