Tagged: Islamic Banking

Digital Banking: Central Bank of the Philippines Is Open to Exploring Investment Opportunities from Qatar to Streamline its Financial Sector

Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is reportedly open to exploring potential investment deals from Qatar. According to a BSP representative, these deals will focus on digital banking and Fintech projects. Arifa A Ala, the MD at BSP, noted that… Read More

UK-based Al Rayan, a Shariah-Compliant Bank, to Close Down Online Banking Platform, Services Will Only be Available via Bank’s App

UK-based Al Rayan, a Sharia-compliant bank, has decided to close down its online banking service by February 26, 2020. The move will now force its clients to switch over to the bank’s app-only financial services with only a short six days notice period. Al Rayan’s… Read More

Banking Challenger App Niyah Launches Services in the UK for Nation’s Islamic Community

Niyah, a banking challenger app, has officially launched its services in the United Kingdom for the country’s Islamic community. The company claims it’s “the first Fintech Islamic banking app and ethical financial marketplace platform” to offer services in the UK. The Niyah app is Shariah-compliant,… Read More

French Home Finance and Savings Firm 570easi to Launch Challenger Bank, SOeasi

570easi, a French home finance and savings solutions company, has introduced its own challenger bank, called SOeasi, in order to establish the world’s first Islamic ethics-focused neobank. The challenger bank aims to leverage 570easi’s existing customer base as a foundation to help grow its business…. Read More

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