Tagged: islamic fintech

Former BlackRock Lawyer Shahan Jamil Joins Islamic Fintech Wahed

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Wahed Inc., an international Islamic Fintech firm, has announced the appointment of former BlackRock lawyer, Shahan Jamil, “as Deputy General Counsel based in London.” In this role, Shahan will be “a key contributor to the company’s legal function led by Wahed’s Chief Legal Officer and… Read More

Saudi Digital Payments Fintech CashIn Secures $1.6M via Seed Round led by Mine, BIM Ventures, Others

Saudi Arabia Money

Saudi Arabia-headquartered virtual payment and point-of-sale (POS) solutions provider CashIn has reportedly acquired SAR 6 million (appr. $1.6 million) in capital through a seed round. CashIn’s investment round has been led by investor Mine. Saudi venture capital firm BIM Ventures also took part in the… Read More

Securities Commission Malaysia and UN Capital Dev Fund to Support Islamic Fintech Innovation with Accelerator

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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

Islamic or Sharia-Compliant Fintech Sector in Qatar on Track to Grow Rapidly, Entire Global Ecosystem Now Valued at $49B

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Qatar’s Islamic or Sharia-compliant Fintech sector is on track to record significant growth in the next 5 years, according to local sources. As digital transformations accelerate Islamic finance ecosystems worldwide, we are happy to share with you the Global Islamic Fintech Report 2021 produced by… Read More

Wahed Inc, an Islamic Fintech backed by Saudi Aramco, to Acquire UK-based Digital Banking Startup

One Pound Coin

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

Indonesia’s Vice President Says Digital Technology and Online Payments have become “Absolutely Necessary” due to COVID-19

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Bank Indonesia (BI), the nation’s central bank, introduced the seventh Indonesia Sharia Economic Festival (ISEF) this past Friday. The event took place virtually or online, which was notably the first of its kind in the country. Established in 2014, ISEF is an international event that… Read More

There are Now 142 Islamic Fintech Firms Globally, According to IFN Islamic Fintech, a “One-Stop-Shop” for Info on Shariah-Compliant Services

ryan miglinczy MENA Middle East Grand Mosque Abu Dhabi UAE

IFN Islamic Fintech, a “one-stop-shop” for industry knowledge, networking, and communication in the global Islamic financial technology space, revealed on July 30, 2020, that there are now at least 142 Fintech firms globally that reportedly provide Shariah-compliant products and services. As reported in late June… Read More

Malaysia Digital Economy Corporation and REDmoney Group Aim to Promote Financial Inclusion while Supporting Islamic Fintech Initiatives

Malaysia Money Ringgit

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

IslamicMarkets, a Learning and Intelligence Provider for Islamic Financial Services, Receives Strategic Investment from DDCAP

IslamicMarkets All devices

IslamicMarkets Ltd, an established learning and market intelligence provider for Islamic financial and commercial markets (with offices in London and Kuala Lumpur), has reportedly acquired additional funding from the DDCAP Group. Both companies are committed to expanding the global Islamic economy and supporting the development… Read More

There are Now 127 Islamic Fintech Firms Globally, According to IFN Islamic Fintech, a “One-Stop-Shop” for Info on Shariah-Compliant Services

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IFN Islamic Fintech, a “one-stop-shop” for industry knowledge, networking and communication in the global Islamic financial technology space, revealed on June 26, 2020 that there are now at least 127 Fintech firms globally that reportedly provide a Shariah-compliant product. IFN says that it will soon… Read More

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