Archives for Shariah FinTech
Islamic fintech industry sets strategic priorities to drive financial inclusion
The stakeholders and ecosystem players of the Islamic financial technology (fintech) space have determined nine strategic priority areas that will further reinforce and enhance financial inclusion in Malaysia. Islamic Finance…
IHS Markit, Tadawul launch local currency Sukuk Indices
London -based IHS Market ,a service provider of critical information, analytics and solutions, is collaborating with the Saudi Stock Exchange (Tadawul) and has announced today the launch of the iBoxx…
Aafaq Islamic Finance now powered by Infosys Finacle Digital Banking Suite
By William Mullally, Banker Middle East Aafaq Islamic Finance and Infosys Finacle announced the go-live of the Finacle Core, Islamic Banking and Payments solutions to power its operations. The transformation journey,…
Qatar- Malaysia builds framework for digital Islamic banks
Malaysia's central bank Bank Negara Malaysia is pushing the financial sector to join the digital banking revolution: It is preparing the issuance of the country's first five digital banking licences…
Islamic fintechs are becoming a ‘global phenomenon’
Islamic financial technology firms, or Islamic fintechs, are moving centre stage in the global Islamic finance industry when it comes to innovation and serving unmet needs in Muslim jurisdictions. These…
Islamic Fintech to Advance More in 2020
A study called the Global Islamic Fintech Report recently revealed expectations for such companies in the coming year, said Salaam Gateway. The research eyes P2P crowdfunding and challenger banking as…
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,…