Reports

Bahrain to host the largest fintech hub in Middle East and Africa

The Bahrain Fintech Bay (BFB) will open its doors in February 2018, welcoming fintech firms, investors, entrepreneurs, government bodies and financial institutions to its space spanning over 10,000 square feet. Launched by the Bahrain Economic...


Reports

HelloGold launches Gold-Backed Tokens; exploring other asset-backed digital coins

The industry’s first Shariah compliant gold digital app has released its virtual Gold-Backed Tokens (GBT) to the public following the successful resale of its HelloGoldTokens in October. HelloGold’s GBT is one of the very few asset-backed...


Reports

Nigerian digital-only bank combines Islamic finance and technology to expand customer base

One of the youngest regional licensed banks in Nigeria expects to onboard 2 million new customers by 2022 under its new expansion strategy incorporating Islamic finance and technology. SunTrust Bank Nigeria is preparing itself to join the...


Reports

Finocracy launches AI-driven fintech platform to empower women through education financing

Finocracy has partnered with leadership development organization Wedu Global to introduce a Shariah compliant education financing platform for underserved young women in Asia, starting with Bangladesh. Known as Winnisa, the initial phase of the...


Reports

Al Rajhi rolls out a central payment service hub

The largest Islamic bank in the world has streamlined its payment processes by centralizing all related transactions onto a single platform. Al Rajhi Bank has rolled out a dedicated payment service hub solution, consolidating all payment...


Reports

OneGram begins reselling digital coins

OneGram, the company behind the first Shariah compliant gold-backed cryptocurrency OneGramCoin (OGC), has begun reselling the coins in a bid to create a secondary market for the digital currency. Closing its ICO at US$50 apiece on the 4th...


Reports

Malaysia to draw Islamic-focused start-ups and investors with Islamic digital economy framework

Malaysia hopes to attract start-ups in the Islamic space with a comprehensive framework governing the Islamic digital economy which will cover different elements including Shariah compliant venture capital funding. To be formulated by Malaysia...


Reports

Malaysia to regulate cryptocurrencies

From merely cautioning investors against initial coin offerings a few months ago (See IFN Fintech September issue), the Malaysian securities watchdog is now taking a stronger stand on cryptocurrency as it moves toward formally regulating digital...


Reports

European regtech firm mulls Malaysian office to reach global Islamic finance markets

London-based Capnovum, one of the 10 finalists of the inaugural SuperCharger Malaysia program, is evaluating Kuala Lumpur as a base from which to capture the Asian market and more importantly, to foray into key Shariah financial markets. For...


Reports

PayHalal to launch beta version in the first quarter of 2018

Having noticed a missing link in the global Halal industry between payment solutions and logistics, Pat Seers had the vision of using technology to fill the gap: it did not take long for the Malaysian entrepreneur to share his vision with a team of...


Reports

Dubai to roll out Islamic digital trade finance platform

A Dubai free-trade zone is creating a digital Shariah compliant trade finance platform to open new funding avenues for the SMEs it hosts, which currently number over 11,000, in a bid to close the funding gap for SMEs. The DMCC has partnered with...


Reports

Islamic banks raise fintech integration concerns

Islamic banks are making their voices heard at an international level on the unique challenges they face when it comes to fintech integration as a result of their business model and operating environment. From essentially no change in customer...


Newsflash

Newsflash

A roundup of the latest news in the Islamic fintech space from across the world.


Cover Story

IFN Islamic Fintech Landscape expands to include seven new entities

Over the last few weeks since IFN Fintech released its October version of the Islamic Fintech Landscape, seven new companies were identified as offering Muslim-friendly fintech solutions and were subsequently included, bringing the total number of...