The Halal Times
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SHUAA Capital psc, the leading asset management and investment banking platform in the region, today announced its intention to launch a new Digital Wealth Platform to serve existing clients as well as the next generation of investors. To steer the company’s innovative and ambitious digital proposition, which will operate as an independent fintech platform, SHUAA …
Bahrain-based Islamic Fintech provider, IFIN (Islamic Finance Initiation Network – www.ifin-services.com), has launched the first of its kind, the real economy, automated Islamic financing platform. The secure, innovative technology connects retailers and Islamic finance providers, enabling them to offer consumers instant access to Islamic financing for purchases, at the point of sale. IFIN’s cloud-based platform …
Indonesian peer-to-peer lender ALAMI Shariah has been in the news lately. In mid-May, 2021, it acquired a local Shariah bank. To the industry watchers, it was quite astonishing as no one had ever heard of a fintech company acquiring a bank. The Halal Times Editor-in-Chief, Hafiz Maqsood Ahmed, had a detailed chat with the young …
Buy Now Pay Later (BNPL) programs have seen tremendous growth globally. Despite growing concerns about stoking consumer debt, BNPL services fulfill a major consumer need and provide a financial alternative that is both simple and effective. We believe there are significant opportunities for BNPL within an Islamic Finance context. BNPL is vital for the Muslim …
Derived from the Arabic word Caiz, Caizcoin is an Islamic Blockchain platform that provides money transfer services. With a vision to create financial freedom for every individual, Caizcoin offers creative financial solutions. The company facilitates participation in the modern financial world for every person while complying with Islamic values. What is Caizcoin? Caizcoin is a …
22 FinTechs selected to take part in Wave 2 of the Incubator and Accelerator Programs to run from March until June 2021. The Qatar FinTech Hub programs are backed by Qatar’s financial ecosystem and developed by Qatar Development Bank in collaboration with a host of partners and stakeholders Doha, Qatar – 30 March 2021: Qatar …
Mambu, the newly-minted fintech unicorn, today announced the highly anticipated launch of the Sharia-compliant version of its cloud-native SaaS banking and lending platform. The solution caters to the needs of Islamic banks and lenders, becoming the first cloud-native SaaS platform to comply with the tenets of Islamic banking. It was made available to customers from …
Do you care enough about your belief system? Do you give importance to environmental, social, and governance issues while making any investment decisions? Is there any role of values-based investing in Islamic finance? Well, a lot of people now are investing in funds that create compelling value for the common good of the communities they …
The recent consolidation initiative of the Islamic banks in Qatar is likely to increase their overall capitalization and funding capacity, thus providing more avenues for innovation and supporting Islamic fintechs, according to experts. Moreover, the rise of global fintech hubs has brought accelerators and incubators to the fore, thus making Qatar Fintech Hub (QFTH) well …
Malaysia continues to lead the rankings in Islamic economy and finance by the Global Islamic Economy Indicator (GIEI) for the eighth consecutive year. According to the Global Islamic Economy report in 2020, the Islamic FinTech and economy sectors of Malaysia continue to flourish aided by governmental support and Malaysia Digital Economy Corporation (MDEC)’s a continuous …
The Sharia-compliant peer-to-peer (P2P) lender ALAMI Technologies has acquired a Sharia rural bank, BPRS Cempaka Al-Amin, in Indonesia, three people familiar with the matter told DealStreetAsia. The sources said the total transaction value was less than $10 million. “The acquisition is aimed at expanding their services,” said one of the sources, who did not want to be …
Higher digitalization and financial technology (fintech) collaborations can help strengthen the Islamic finance industry’s resilience and open new avenues for growth, said Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar. He said technology is also being increasingly used towards enhancing financial literacy, which has a positive relationship with financial inclusion. Increasing financial literacy could …
