New panel launches to support Islamic FinTech in the UK


An independent group of Islamic Finance and FinTech experts have launched a new UK Islamic FinTech panel.

The panel, which will hold its first meeting later this week, aims to build momentum in Islamic FinTech by utilising London’s position as a global FinTech hub and centre for Islamic finance. Cordoba Capital managing director Harris Irfan will chair the panel.

During its first year the panel hopes to identify the challenges in the sector and how to overcome them, support collaboration within the community, promote Islamic FinTech and drive policy agenda.

Irfan said, ” Islamic Finance has so much potential, which hasn’t yet been realised. I firmly believe the disruptive power of FinTech combined with the real economy, ethical dimension of Islamic Finance can unlock enormous potential in our economy, to the benefit of people of all faiths and none.”

The founding members of the panel include: Insure Halal chairman Shaikh Badr Al-Hasan, Afkar Consulting associate Iqbal Asaria, Elipses co-founder and principal Abdul Haseeb Basit, UKIFC advisory board member Richard de Belder, DDCAP MD Stella Cox, TheCityUK adviser Wayne Evans, Gateway Law CEO and partner Ashley Freeman, Hoxton Ventures managing partner Hussain Kanji, Yielders founder and CEO Irfan Khan, and Simmons & Simmons partner Muneer Khan.

The remaining panel founders include: Simply Sharia HC MD Nyra Mahmood, Department of International Trade FinTech Sector Specialist Daniel Morgan, Monument Partners partner Tariq Munif, IslamicBanker CEO Shakeeb Saqlain, Fromabb principal consultant Natalie Schoon, Shariah Solutions director and founder Shaykh Haytham Tamim, Wahed Invest CEO Junaid Wahedna, Elipses co-founder and principal Lawrence Wintermeyer, and EdAid/Qard Hasan founder and CEO Tom Woolf.

Last year, The Bahrain Economic Development Board (EBD) and FinTech Consortium launched a new FinTech hub in Bahrain to support FinTech companies in the Middle East and Africa. Through the hub, the EBD hopes to support Islamic FinTech companies within the region or companies looking to expand to the area.

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