Tagged: sharia-compliant

Positive Facilities or Ejabiah in Saudi Arabia Awards Core Banking System Contract to Islamic Software Provider Path Solutions

saudi arabia adli wahid unsplash

The newly formed financing firm in Saudi Arabia, Positive Facilities Co. Ltd. (Ejabiah), has reportedly entered an agreement with Path Solutions for the introduction of its interest-free Core banking platform. Ejabiah will be providing a unique 0% interest financing product, which is somewhat similar to… Read More

US based Halal and Ethical focused Firm Wahed Integrates Offering with Wealthtech WealthKernel’s APIs

US Liberty Dollar Eisenhower 1776 1976

WealthKernel, a Wealthtech solution provider for digital investment services, reveals that the US halal (Islamic) and ethical-focused investment company, Wahed, has now migrated its investment offering to WealthKernel’s “trusted” APIs. Wahed had teamed up with WealthKernel back in 2017 in order to use its white-label… Read More

Fintech Firm Islamic Finance Initiation Network Introduces Operations in Oman After Partnering Alizz Islamic Bank

Oman Grand Mosque

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

Malaysian Fintech MyMy Given Conditional Approval from Bank Negara as Company Prepares for Digital Wallet Launch

Bank Negara Malaysia Ringgit Money

MyMy revealed on Monday (April 26, 2021) that it has obtained conditional approval for a large scheme E-money license from Bank Negara Malaysia, the nation’s central bank. The Fintech firm is now planning to launch its digital wallet services in the coming year. Until all… Read More

Islamic Banking Penetration Could Increase in Oman with Greater Use of Fintech to Serve Clients: Report

Oman Building

Fitch Ratings reports that the Islamic banking ecosystem in Oman is expected to continue growing during 2021-2022 after rather strong momentum last year. This, despite the COVID-19 outbreak and historically low oil prices, Fitch Ratings noted. Islamic financing in the MENA region country expanded by… Read More

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

Growth Grow Together Partner Collaborate

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

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