Archives for Shariah FinTech
Digitalization is Boosting Islamic Finance in Central Asia
The Islamic banking sector, based on ethical principles codified some 1,400 years ago, represents roughly $ trillion or 70% of total Islamic finance assets, with commercial banking accounting for the…
Huge Shariah-compliant FinTech Potential in Indonesia
FOR the first time in many years, Indonesia overtook Malaysia in an Islamic finance ranking. It took many by surprise. We are talking about the Islamic Finance Country Index (IFCI).…
IFSB Summit 2019: Technological Innovation for the Sustainable Islamic Finance Development
The first day of the 14th IFSB Summit 2019 remarked the consensus between thought leaders, market players, and regulators that the technological innovation would create positive impacts in sustaining the…
Islamic fintech important tool to meet sustainable development: QCB Governor
The Qatar Central Bank (QCB) attaches great importance to Islamic financial technology (fintech), which is a very important tool needed to meet long-term sustainable development, economic diversification, and financial inclusion,…
Fintech can boost Islamic finance
Fintech can enable Islamic finance players to attract more customers, increase efficiency and reduce costs FINANCIAL technology (fintech) has the ability to help the Islamic finance sector become more competitive…
Bahrain FinTech Bay partners up with the University of California, Berkeley, offering techies in Bahrain an exciting opportunity
Bahrain FinTech Bay announced today that it has entered into a partnership with the University of California, Berkeley (Berkeley) to establish a GCC-wide training and certification program in the use…
Top Ten Banking Tech Case Studies in 2018
Banks and financial institutions from around the world have been sharing with us their tech modernisation experiences. Here are the top case studies of 2018: Live Oak Bank and Finxact – riding…
Government unveils Five-year Plan for Pakistan’s Economic Growth
Small farmers, low-cost housing, digital payments and a higher share for Islamic banks are the targets of the government’s new strategy for growth. Access to finance is super important for…
Blockchain-Powered Islamic Bonds to Fund Microfinance Projects in Indonesia
Indonesian firm Blossom Finance has announced plans to launch blockchain-based sukuk, Islamic bonds, to fund microfinance projects in the Muslim-majority country. Blossom Finance’s “Smart Sukuk” to Automate Issuance of Islamic Bonds The…
Microfinance Company, Blossom Finance Issues Shariah Compliant Bonds via Blockchain
With the blockchain use case being adopted for a variety of purpose, an Indonesian financial firm, Blossom Finance is eagerly exploring to issue Sharia-compliant bonds namely sukuks across the blockchain…