Islamic Fintech

The Islamic Fintech Landscape in Malaysia, Where Do We Stand?

In the recent release of the Capital Market Masterplan 3 by Securities Commission Malaysia (SC), it was highlighted that Malaysia continues to be a prominent global Islamic Capital Market (ICM) hub, with Islamic assets under management (AUM) growing 2.7 times.

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MoneyMatch Completes RM 1 Million Shariah-Compliant Note on MicroLEAP

Malaysian fintech startup MoneyMatch announced today a strategic and multi-pronged partnership with microLEAP, a Shariah-compliant and Conventional P2P (Peer-to-Peer) Financing Platform, regulated by the Securities Commission of Malaysia. This strategic partnership will entail both MoneyMatch accessing microLEAP’s strong base of

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Islamic Crowdfunding Platform Ethis Raises RM6.8 Million From Angel Investors

Islamic crowdfunding group Ethis Global announced the closure of its RM6.8 million pre-Series A fundraising round from angel investors. This ‘Super Angel’ round was joined by notable investors including corporate leader Tan Sri Wan Zulkiflee, and Daud Vicary Abdullah, a renowned

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Banks Need to Ramp up Efforts To Win Over Digitally Savvy Muslim Customers

Banking and financial services platform Mambu released its research series named the Disruption Diaries which seeks to understand what people think of the key trends driving the development of financial services. In Mambu‘s third edition, the firm conducted a global

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Split Emerges as First Malaysian Shariah-Compliant Buy Now, Pay Later Operator

Buy Now, Pay Later (BNPL) platform Split announced that its services has been reviewed and certified as a Shariah-compliant by the Masyref Advisory, a local advisory firm devoted to Islamic banking and finance. Split said that it is the first

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Securities Commission, UNCDF Rolls Out Islamic Fintech Accelerator Programme

The Securities Commission Malaysia (SC) and the United Nations Capital Development Fund (UNCDF), through its Center for Financial Health programme, today launched an accelerator  to develop the Islamic fintech innovation ecosystem in Malaysia’s Islamic capital market (ICM). The programme, known

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Mambu Launches Shariah Compliant SaaS Banking Platform

Mambu, the newly-minted fintech unicorn, has announced the launch of the Sharia-compliant version of its SaaS banking platform. The solution caters to the needs of Islamic banks and lenders globally. It was made available to customers from the end of

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MDEC Chairman Stresses Need for Comprehensive Fintech Ecosystem in Malaysia

For fintech to thrive and reach its full potential, Malaysia must establish a conducive and comprehensive fintech ecosystem where all industry participants work towards the same goals, said Datuk Wira Dr Hj. Rais Hussin Mohamed Ariff, chairman of Malaysia Digital

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Sedania Launches Islamic Financial Marketplace Assidq.com

Sedania As Salam Capital Sdn Bhd, a wholly-owned subsidiary of Sedania Innovator Berhad, has announced the launch Assidq.com, an Islamic online marketplace. The online marketplace facilitates the customer’s Islamic financial needs through a personalised profile check with approval and disbursements.

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Malaysia is a Leader in Islamic Finance, But Why Not Islamic Fintech?

Malaysia was named a leader in Islamic finance, producing 26% of the world’s Shariah-compliant financial assets by the end of 2017—amounting to US$528.7 billion (RM2.05 trillion). The study proclaimed Asia as the largest market for both sukuk and Islamic funds. But when

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