• IFN Fintech

    Islamic Fintech Landscape

    An ongoing IFN Fintech initiative mapping every fintech company with a Shariah proposition or Shariah compliant product across the world.

Volume 1 Issue 7

October 2017


Islamic multilateral bank experiments with Shariah compliant social cryptocurrency

The IDB Group intends to drive development and financial inclusion in its member countries using a blockchain-based financial instrument. The Islamic multilateral financier is teaming up Belgian and Saudi fintech companies to roll out the....


Islamic digital economy: Fintech is only one element

The IFN US Forum 2017 was held in New York City at PWC headquarters on the 19th October, and it had an IFN Fintech Session. As moderator and participant, Rushdi Siddiqui shares some of the topical issues discussed with the CEO of Guidance...


Inaugural Supercharger Fintech Accelerator Malaysia welcomes Islamic fintech start-ups

Asia’s leading fintech accelerator program has finally set roots in Malaysia, welcoming 10 start-ups from across the world to Kuala Lumpur, a springboard for many of these entities into Southeast Asia and beyond; and for a select few, a gateway...


Danish fintech companies making a move into GCC Islamic banking market

Danish fintech companies are preparing to make a move into the GCC Islamic banking market, attracted by emerging untapped opportunities as Shariah banks amp up their tech game to adapt to a fast-changing operating environment where its increasingly...


Meethaq launches digital SME platform

The Islamic banking arm of Bank Muscat is combining digital technology and its SME expertise to support the development of small and medium businesses at every stage of the business lifecycle. Designed as an online community hub to also...


MDEC commences monthly Fresh Brew Sessions to drive Islamic digital economy

Malaysia Digital Economy Corporation has kicked off with the monthly Fresh Brew Sessions. Fresh Brew Session is a knowledge sharing and networking platform for ecosystem players who are interested in Islamic digital economy. The inaugural Fresh...


Central Bank of Bahrain establishes fintech unit

The Central Bank of Bahrain (CBB) has carved out a dedicated fintech arm to drive digital financial services in the Kingdom. The new unit is tasked with approving entrants to the country’s fintech regulatory sandbox, supervising the activities...


Dubai begins developing national digital currency

The Dubai government has begun the process of developing its own encrypted digital currency for nationwide implementation. The governor of the UAE Central Bank, Mubarak Rashed Al Mansouri, may have warned against the use of bitcoin over the high...


A sweet deal: Beehive secures US$5 million Series A funding and new board member

MENA’s first regulated peer-to-peer finance platform (P2P) will use its recently procured funds to drive product development and assist its international expansion plans, particularly into Saudi Arabia. Dubai-based Beehive has concluded a...


Saudi Islamic bank to roll out region’s first blockchain use case for identity management

A US-based mobile identity platform is lending its expertise to Bank AlJazira in launching what is touted as the first-of-its kind use case in the GCC. The use case utilizes California-based ShoCard’s blockchain identity management solution...


Souqalmal.com plans Saudi expansion following US$10 million Series B round

The largest personal finance comparison website in the Middle East won over investors from the UK, the UAE and Saudi Arabia. Souqalmal.com is on a roll. The UAE-based finance comparison platform received US$10 million in Series B investment from...


Takaful Emarat joins Blockchain Insurance Industry Initiative

A Dubai-based Takaful operator is the only fully-fledged Islamic insurer out of the 23 new brokers and (re)insurance companies to gain a place in the Blockchain Insurance Industry Initiative (B3i). Takaful Emarat is also the only operator from...


Emirates Islamic unveils new digital banking app

Hot on the heels of its blockchain Cheque Chain initiative (See IFN Fintech June issue), Emirates Islamic (EI) has rolled out a more robust mobile banking app boasting over 25 new services. The Islamic bank incorporated a recently launched...

  • Volume 1 Issue 1

    Date of Issue: April 2017
  • Volume 1 Issue 2

    Date of Issue: May 2017
  • Volume 1 Issue 3

    Date of Issue: June 2017
  • Volume 1 Issue 4

    Date of Issue: July 2017
  • Volume 1 Issue 5

    Date of Issue: August 2017
  • Volume 1 Issue 6

    Date of Issue: September 2017
  • Volume 1 Issue 7

    Date of Issue: October 2017
  • Volume 1 Issue 8

    Date of Issue:

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