New Malaysian Islamic neobank names CEO designate ahead of launch
Rafiza Ghazali, who has announced her departure from Malaysian tech start-up funding agency Cradle Fund as its group CEO, has confirmed with IFN her next venture: leading one of the first Islamic...
View ArticleSaudi wholesaler explores possible investment into UAE BNPL start-up
Cashew Payments Holding, a fintech start-up headquartered in the UAE, has attracted more support for the imminent launch of Cashew KSA, its operations in Saudi Arabia, with Saudi wholesale and retail...
View ArticleCentral Bank of Iran launches long-awaited regulatory sandbox
intech start-ups in Iran have received a boost of support with the Central Bank of Iran (CBI)’s recent launch of its regulatory sandbox — a major part of the regulator’s plans to reform the country’s...
View ArticleIslamic bank ventures into the metaverse
Warba Bank has announced its entry into two metaverses, making it the first Islamic bank in the world and the first bank in Kuwait and the region to have a presence in the virtual world. The post...
View ArticleUAE digital banking start-up raises US$41 million to fund expansion; partners...
UAE-based digital banking app YAP has raised US$41 million to back its growth and expansion plans, through an investment round led by Shariah compliant Saudi firm Aljazira Capital. The post UAE digital...
View ArticleMalaysia and Turkey to join hands and establish first Turkish Islamic digital...
During an official visit by Malaysian Prime Minister Ismail Sabri to Turkey to meet his counterpart President Recep Tayyip Erdogan and discuss bilateral cooperation, two entities signed an agreement to...
View ArticleFintech company enters Malaysian Islamic finance market with BNPL offering
Fintech and digital commerce solutions provider IOUpay has become the newest player in the thriving Shariah compliant buy-now-pay-later (BNPL) market in Malaysia — the first step in its plan to expand...
View ArticleNew Islamic trading platform encourages Pakistani diaspora investment
Pakistan Stock Exchange (PSX) and fully-fledged Islamic bank Meezan Bank have collaborated to establish a new, dedicated trading platform catering to Islamic banks' clients that hold Roshan Digital...
View ArticleLabuan launches initiative to attract Islamic digital assets and fintech...
In a bid to position itself as a strong player in the digital Islamic finance space, the Labuan Financial Services Authority (Labuan FSA) has launched its Islamic Digital Asset Centre (IDAC)...
View ArticleEthis partners with Islamic rural banks
Shariah compliant fintech platform Ethis Indonesia has finalized its partnership with two Indonesian Islamic rural banks, or Bank Pembiayaan Rakyat Syariah (BPRS) as they are locally known. The post...
View ArticleTPL Insurance partners with Faysal Bank to extend Takaful reach
Over a year after the Pakistani regulator released draft guidelines in support of digital-only insurers, an insurtech company's Takaful window has partnered with a local bank to expand its reach,...
View ArticleLabuan IBFC aims to issue Shariah compliant security tokens in 2023
The Labuan International Business and Financial Centre (Labuan IBFC), a special economic zone in Malaysia's Labuan, plans to issue Shariah compliant digital security tokens this year, through its newly...
View ArticleQatar’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...
View ArticleIsDB and partners to mobilize funding for Nigeria’s digital industry
The IsDB has joined a consortium of multilateral and development agencies to launch a program aimed at funding the digital and creative sectors of Nigeria. The post IsDB and partners to mobilize...
View ArticleIslamic bank and VC firm launch Iraq’s largest tech fund
Iraq Islamic Bank (IIB), the country's first Islamic bank established in 1992, has partnered with global investment company MSA Novo to support Iraqi start-ups and contribute to the development of...
View ArticleOman licenses nine new crowdfunding platforms in Q1 2023
The Capital Market Authority (CMA) of Oman has granted licenses to nine companies to carry out crowdfunding activities as at the end of Q1 2023. The post Oman licenses nine new crowdfunding platforms...
View ArticleABHI taps Sukuk market to aid Middle East expansion
ABHI, an Islamic fintech company focused on providing payroll and wage solutions for businesses and their employees in Pakistan, has issued Sukuk worth PKR2 billion (US$6.93 million). The post ABHI...
View ArticleHejaz acquires stake in Islamic Bank Australia to drive digital ambitions
Australian Islamic finance provider Hejaz Group has taken one step closer to its goal of offering a holistic range of products and services with its latest investment in the country's lone...
View ArticleIslamic fintech start-up becomes Pakistan’s first licensed P2P financing...
Finja Invest, a Shariah compliant P2P financing platform, has received approval from the regulator to officially run its business, making it the first P2P lending service provider in the country. The...
View ArticleNew Somalian microfinance company to implement Islamic banking system
ASAL Microfinance, a newly established Shariah compliant microfinance company in Somalia, has partnered with digital finance service provider Musoni to help streamline its operations. The post New...
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