Tagged: shari’ah

May 27, 2024 @ 10:22 pm By Omar Faridi  |  

Tuum, the core banking provider, and DDCAP Group have partnered to offer a pre-integrated Fintech solution to enhance the end-to-end trade execution and processing of Sharia-compliant transactions. From the partnership, DDCAP and Tuum clients “will gain the ability to migrate legacy, automated trade execution and… 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

October 23, 2019 @ 8:28 pm By Omar Faridi  |  

Boston, Massachusetts-based Algorand, a firm developing a scalable, secure, and decentralized crypto platform, has reportedly been certified as sharia-compliant. Bahrain’s Shariya Review Bureau (SRB) provided the certification, which indicates that the Algorand platform abides by the teachings and requirements of Islamic law. The certification could… Read More

August 29, 2018 @ 11:16 pm By JD Alois  |  

Yielders, a property investment platform based in the UK that is also the first FCA regulated Islamic Fintech, has closed on a pre-series A funding round. Exact terms of the deal were not revealed. The capital infusion comes at the same time that Yielders is… Read More

November 27, 2017 @ 1:25 pm By JD Alois  |  

The UK’s first FCA regulated Islamic Fintech platform, Yielders, has been awarded the Islamic Economy Award in the Money and Finance category. The Islamic Economy Award is overseen by Thomson Reuters and the Dubai Islamic Economy Development Centre. The Award recognises innovative world-class business initiatives… Read More

June 6, 2017 @ 7:52 am By JD Alois  |  

New platform Wahed is said to be the world’s first automated investment service designed for Shariah-standard, ethical investing, The company reports it has raised $5 million in seed funding from individual and institutional investors including Khalid Al Jassim the Managing Partner of Afkar Holdings and… Read More

January 24, 2017 @ 11:59 am By Samantha Hurst  |  

Canada fintech firm Goldmoney Inc. (TSX: XAU) announced on Monday its Network accounts and Wealth Holdings have been endorsed as Shariah-compliant by the Shariah Supervisory Board of Amanie Advisors. The company stated that Islamic investors may now instantly purchase, save, and transact in gold globally… Read More

December 13, 2016 @ 7:37 am By JD Alois  |  

Singapore-based Kapital Boost, an Islamic SME crowdfunding platform, has received a Shariah pronouncement from the Financial Shariah Advisory & Consultancy (FSAC) on its “Murabaha” crowdfunding structure. Murabaha is an acceptable form of credit sale under Islamic religious law. Financial Shariah Advisory and Consultancy (FSAC) was introduced… Read More

January 26, 2015 @ 8:54 pm By JD Alois  |  

Singapore based startup Club Ethis may be the world’s first Shari’ah compliant crowdfunding platform and according to information provided by the portal it is growing fast. Club Ethis is guided by 2 in-house Islamic scholars. Ethis believes it has shown that Islamic Finance, crowdfunding and real… Read More