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The gold rush: Islamic fintech firms giving ICOs the Midas touch

At a time when the traditional investment space is being flooded by Shariah compliant gold-based/backed investments with many claiming to be ‘firsts’ of new instruments following the introduction of a global Shariah standard for gold last year,...


Reports

The UK’s first digital Islamic bank in the works

A young start-up has begun the process of setting up a digital Islamic bank in the UK, with eyes on formally launching in 2018. Like most start-ups, the idea behind a 100% Shariah compliant and 100% online bank was born out of a conversation....


Reports

Investment managers to seize robo-advisory opportunity under new SC rules

Malaysia has become the first country in ASEAN to license robo-advisors, opening the doors for Islamic and conventional investment managers to begin offering digital investment management services. Approximately a year in the making, the...


Reports

StanChart plans KL accelerator; eyes Islamic fintech start-ups

Standard Chartered Bank (StanChart) is keen to replicate the success of its SuperCharger Fintech Accelerator in Malaysia, and this time, with a keen focus on courting fintech with solutions for Islamic finance, IFN Fintech has learned. Still in...


Reports

CIMB Group pushes fintech agenda with new DBS hire

One of the biggest (Islamic) banking groups in Malaysia has poached DBS Singapore’s head of digital banking to lead its fintech initiative, a significant step in the group’s efforts to develop and leverage fintech solutions in an increasingly...


Reports

Yielders secures FCA accreditation; founder upbeat on growth trajectory

After two years since it began the process of securing formal regulatory recognition, equity property crowdfunder Yielders has finally gained full authorization by the Financial Conduct Authority (FCA), becoming the first Islamic fintech company in...


Reports

Islamic investment manager turns to big data and machine learning

Shariah compliant value-based asset manager Arabesque is leveraging on machine learning and big data to analyze and screen companies in compliance with environmental, social and governance (ESG) parameters. The firm has officially rolled out the...


Reports

IAP goes international

Malaysia’s Investment Account Platform (IAP) is raising money for its first foreign project, expanding the reach of the Shariah compliant multibank platform. Malaysian-Japanese venture CMC Group and its sponsoring bank, Bank Islam, intend to...


Reports

ICD to launch incubator for Shariah-friendly fintech

The private arm of the Islamic Development Bank is exploring the idea of setting up a fintech incubator that would focus on Shariah-friendly technologies. Open to interested technopreneurs globally, the Islamic Corporation for the Development of...


Reports

Islamic fintech training services underway

One of the oldest Islamic finance qualification providers in the world has partnered with an international Islamic and ethical fintech advisory to design and deliver training services on fintech for Islamic finance, a testament to the burgeoning...


Reports

Islamic agri-crowdfunding platform to debut in Q4

The Shariah compliant crowdfunding community could soon welcome another peer as a Saudi platform is looking to enter the space as the world’s first Shariah compliant crowdfunding avenue serving agricultural SMEs. AgriFunder, one of the three...


Reports

Dubai opens application for fintech accelerator program

Dubai is competing with London, New York, Singapore and Hong Kong to attract promising technopreneurs to the emirate in its effort to expand its 1% market share in the global US$150 billion fintech segment with its new accelerator program. ...