Tag: Islamic Finance

The global financial landscape is witnessing a surge in interest in Sukuk, a Sharia-compliant financial instrument gaining traction beyond Islamic communities.

XTCC, an investment ecosystem that specialises in high-integrity carbon credits, has announced the launch of the first Shariah-compliant multi-currency asset class for high-integrity carbon credits.

Iress, a leading technology provider for the financial services industry, and Nomo Bank, a pioneering Sharia-compliant digital bank in the UK, have announced a significant partnership.

Aafaq Islamic Finance, a premier provider of Shariah-compliant financial services, and Network International, a leading facilitator of digital commerce in the Middle East and Africa (MEA), have announced a partnership aimed at bolstering Aafaq's digital transformation.

Sharia-compliant ethical investing platform Wahed has received $50m in its Series B funding round as it plans to launch an ethical neobank.

Kuwaiti-based Boubyan Bank has introduced a digital-centric, Sharia-compliant bank in the UK.

A report by cloud banking platform Mambu has found more than half of young Muslims would adopt Islamic banking if it was more accessible.

Sharia-compliant ethical investing platform Wahed Invest has raised $8m in funding, valuing the company at $100m.

There hasnt been enough use of retail Islamic Finance, but FinTech can allow for this to happen, according to Yielders co-founder and CIO Zeeshan Uppal in a research interview with FinTech Global.

Technology offers an ‘interesting nexus’ for Sharia compliance and can fuel Islamic Finance adoption, according to InsureHalal chairman Salman Badr Al-Hasan in a research...