Cover Story

IFN Fintech launches Islamic Fintech Landscape

Fintech for Muslims is a booming sector — or at least, that is what the industry believes based on empirical observation; without hard data, it is difficult to say that with absolute certainty — until now. Endeavoring to fill this information...


Reports

Azerbaijani start-up picks Dubai to anchor global Islamic fintech ambitions

With global ambitions, an Azerbaijani Islamic fintech initiative has turned to Dubai to launch into the international arena using the emirate’s infrastructure and strategic location as a gateway to MENA and beyond. Like most Islamic peer-to...


Reports

HelloGold begins resale process of tokens

After a successful pre-sale and public sale of its digital tokens, HelloGold Foundation (HGF) will now begin reselling a portion of the tokens previously purchased by Chinese investors following China’s move to ban initial coin offerings ). ...


Reports

Finocracy welcomes former global head of Islamic banking at EY as managing director

The former global head of the Islamic banking practice at EY has ventured into the Islamic fintech space under the ambit of Finocracy through which he will be driving the rollout of fintech platforms in the GCC region. The appointment of Ashar...


Reports

PropTech Crowd goes live in the UK

The UK Islamic crowdfunding circle has just grown bigger with a new platform launched. Javed Khan is nothing if not a real estate veteran. With about 25 years of experience in the sector from conception to completion of properties to investments...


Reports

Canadian robo-advisor becomes Muslim-friendly

The Shariah compliant robo-advisor fraternity has just gotten bigger with a new kid on the block: a Toronto-based digital investment manager has joined firms from the US and Malaysia in attempting to capture a slice of the 1.8 billion Muslim market...


Reports

Singaporean and Luxembourg entities set up Malaysian Islamic fintech initiative

Two Islamic finance-focused fintech platforms have partnered to establish a new Shariah crowdfunding platform for social finance with pilot campaigns slated for November. Luxembourg-based Conexcap, a newly-minted fintech initiative headed by CEO...


Reports

Yielders welcomes new CRO

The UK’s first Financial Conduct Authority-regulated Islamic fintech company has welcomed a new chief risk officer (CRO). A banker by profession with deep expertise in risk management, Umer Suleman joins the Islamic property crowdfunding...


Reports

Al Hilal riding contactless wave

A government-owned Islamic bank is joining the contactless wave sweeping across the UAE. Al Hilal Bank has joined the likes of Dubai Islamic Bank in adopting contactless payments by launching Visa payWave-enabled premium debit cards. This comes...


Reports

US social innovator establishes fintech start-up to facilitate Hajj

Taking a leaf out of Malaysia’s book with regards to the national Hajj pilgrimage board, a US-based fintech start-up is looking to facilitate Muslims to perform Hajj through savings and investment programs. Dustin Craun, CEO and founder of...


Reports

ADGM selects first cohort of finalists for inaugural FinTech Abu Dhabi Innovation Challenge

Eleven out of over 100 hopeful fintech start-ups secured a spot in the inaugural Fintech Abu Dhabi Innovation Challenge for a chance to realize their ideas and bring it to life in the Middle East, Africa and South Asia (MEASA) region. In just...


Reports

BLOM BANK expands digital capabilities with e-payment solution

One of the earliest providers of online banking services in Lebanon has become the first to introduce a unique electronic payment system integrating new technology with its existing mobile platform. BLOM BANK, which offers Islamic banking...


Reports

US venture capitalists invest in Dubai-based Shariah compliant fintech start-up

NOW Money has secured a place in Bahrain’s Fintech regulatory sandbox confirming what co-founder Ian Dillon told IFN Fintech last month: that the Dubai-based mobile banking and remittance fintech provider will be expanding its geographical...


Reports

Malaysia and Dubai: A meeting of two giants

The Dubai Financial Services Authority (DFSA) and Securities Commission Malaysia (SC) are joining efforts to develop fintech innovations, with Islamic finance central to their collaboration. The two regulators have agreed to share information on...


Reports

Malaysia weighs in on ICO maelstrom

With regulators shaking the cryptocurrency community to the core with their contrasting extreme stance on initial coin offerings (ICOs) these past few weeks, the Malaysian authority has decided to take a more careful approach in between the two...


Reports

Ethis expects to go live in Indonesia and Malaysia this year

The Islamic crowdfunding platform developer has gotten the ball rolling and anticipates going online in Jakarta first before Kuala Lumpur. Ethis Ventures, the force behind EthisKapital – Malaysia’s first (and only) licensed Shariah compliant...