Tagged: islamic finance

August 12, 2023 @ 4:26 pm By Omar Faridi  |  

Digital investment platform Mnaara has completed a US$500,000 pre-seed round funded by investors from the UK, US, Middle East and Singapore. The investment round will enable Mnaara “to grow its team and continue developing its Shariah-compliant investment solutions catering to the globally underserved mass-affluent market.”… Read More

July 10, 2023 @ 6:59 pm By Omar Faridi  |  

Maybank entered into a strategic partnership with Cambridge International Financial Advisory (IFA) in order “to establish the collaboration and to explore new opportunities in the field of Islamic Finance.” The ceremony took place at Menara Maybank, Kuala Lumpur “with over 150 attendees consisting of industry… Read More

May 16, 2023 @ 10:09 pm By Omar Faridi  |  

Emirates Islamic, which claims to be one of the leading Islamic financial institutions in the UAE, has launched the new Emarati Absher Business Account designed exclusively “to provide a comprehensive suite of premium banking solutions for Emarati start-ups in the UAE.” The new business banking… Read More

September 18, 2022 @ 6:00 pm By JD Alois  |  

Ethis has won recognition as the Best Islamic Crowdfunding Platform – for the second time. The award was delivered at the Global Islamic Finance Awards (GIFA). Ethis Group is an Islamic investment and social finance platform with investment crowdfunding services approved by regulators in Indonesia,… Read More

July 17, 2022 @ 11:15 pm By Omar Faridi  |  

New research from Bank of London and The Middle East (BLME) reveals pandemic restrictions had “little impact” on real estate investment from Gulf Corporation Council (GCC) countries into the UK. Based on in-depth interviews with experts from real estate services companies holding more than £60… Read More

February 25, 2022 @ 10:15 pm By Omar Faridi  |  

Deputy Governor of Bank Negara, Datuk Abdul Rasheed Ghaffour,  notes that he would like to express his gratitude to the United Nations Development Program (UNDP) for inviting him to deliver a keynote address (as posted by Bank Negara, Malaysia’s reserve bank. on February 24, 2022)…. Read More

February 3, 2022 @ 9:39 pm By Omar Faridi  |  

MRHB DeFi, which claims to be the first decentralized finance ecosystem platform focused on ethical, sustainable and halal cryptocurrency-related opportunities, has secured $5.5 million via a series of private and public rounds which culminated in an initial DEX offering (IDO) that was “oversubscribed” on the… Read More

November 15, 2021 @ 10:32 pm By Omar Faridi  |  

The Central Bank of the UAE (CBUAE) and Bank Indonesia (the Central Bank of the Republic of Indonesia) have reportedly entered a Memorandum of Understanding (MoU) in order to expand mutual co-operation. The bilateral MoU will be including three key areas, focusing on digital innovation… Read More

October 8, 2021 @ 8:20 am By Omar Faridi  |  

Maydan Capital Ltd., a UK-based Fintech firm, is announcing the launch of its equity crowdfunding platform that reportedly provides vetted, early-stage, ethical and halal investment opportunities that are focused on tech-related accredited investors internationally. Maydan’s fundraising platform, which is presently open for applicants, assists with… Read More

September 7, 2021 @ 10:49 pm By Omar Faridi  |  

Kita Jaga, a digital social mobile app meant for supporting individual consumers and families that may have been affected by the COVID-19 crisis, is planning to secure RM 200,000 (appr. $48,500) via a charity crowdfunding campaign to be conducted on GlobalSadaqah. GlobalSadaqah is an Islamic… Read More

July 20, 2021 @ 10:01 am By Omar Faridi  |  

IslamicFinanceGuru has secured £3.0 million in capital through a round led by Outward VC. Outward says it is pleased to confirm their investment in IFG, the UK-headquartered Islamic finance platform. Other investors include B&Y Venture Partners and angels. The platform has been designed to offer… Read More

June 15, 2021 @ 10:02 pm By Omar Faridi  |  

IFIN (Islamic Finance Initiation Network), the Islamic Fintech firm, has introduced its operations in the Sultanate of Oman by teaming up with Alizz Islamic Bank and Danube Home. Bahrain-based IFIN, a company that digitally connects Islamic finance service providers to retail outlets, aims to offer… Read More

June 1, 2021 @ 11:34 pm By Omar Faridi  |  

Earlier this week, the Securities Commission Malaysia (SC) and the United Nations Capital Development Fund (UNCDF), through its Center for Financial Health program, introduced an accelerator to support the Islamic Fintech innovation ecosystem in the Southeast Asian country. The program, known as the FIKRA Islamic… Read More

April 12, 2021 @ 11:37 pm By Omar Faridi  |  

RinggitPlus, a financial marketplace that’s owned by Jirnexu, has introduced RinggitPlus Advance, which is a one-to-one digital financial planning service for Malaysian residents. As noted by its management: “RinggitPlus is Malaysia’s leading financial comparison website. Everyday we help thousands of Malaysians #GetMore for their money…. Read More

January 24, 2021 @ 10:28 pm By Omar Faridi  |  

Mastercard has partnered with UAE-headquartered PSP Network International in order to introduce a digital platform with the goal of promoting the adoption of virtual payments across the MENA region. With this new digital platform going live this month, Network International plans to help its customers… Read More

December 18, 2020 @ 8:40 am By Omar Faridi  |  

US-based Wahed Inc, an Islamic-finance Fintech firm that’s backed by Saudi Aramco, is reportedly planning to acquire Niyah Ltd, a UK company that operates a digital banking platform for the Muslim community. Wahed’s management noted that they’re hoping the acquisition will allow them to offer… Read More

December 5, 2020 @ 5:33 pm By Omar Faridi  |  

Adnan Zaylani Mohamad Zahid, Assistant Governor of the Central Bank of Malaysia (Bank Negara Malaysia), recently commented on developments related to Islamic finance, digital payments, and Fintech platforms and services. Zahid, whose comments came during the 3rd Islamic Fintech Dialogue (IFD2020) on December 1, 2020,… Read More

November 4, 2020 @ 8:56 am By Omar Faridi  |  

Nasdaq Dubai has welcomed the listing of $600 million Sukuk by the Islamic Corporation for the ongoing development of the nation’s private sector. According to a release shared with Crowdfund Insider, the Sukuk offering was allocated to investors based in the Middle East, Asia and… Read More

October 13, 2020 @ 9:29 am By Omar Faridi  |  

Abu Dhabi Global Market (ADGM), which aims to serve as a global financial center and hub for the MENA region, says it’s always working to ensure the economic well-being of its community members. ADGM has released its State of Sustainable Finance Report – which outlines… Read More

July 25, 2020 @ 10:37 pm By Omar Faridi  |  

The stakeholders and other ecosystem participants of the Islamic Fintech sector have outlined key priority areas that they believe will help with reinforcing and promoting financial inclusion in Malaysia. The REDmoney Group, an Islamic Finance News publisher, and the Malaysia Digital Economy Corporation (MDEC) have… Read More