Islamic Fintech
Malaysia’s Approach Towards Nurturing Innovation-Driven Islamic Fintech Ecosystem
Entrepreneurs eager to craft groundbreaking applications within Malaysia’s Islamic fintech sphere are likely to welcome the opportunities introduced by the FIKRA Islamic Fintech Accelerator Programme, initiated by the Securities Commission Malaysia (SC) alongside the United Nations Capital Development Fund (UNCDF).
Read More
SC Launches FIKRA ACE Accelerator to Spur Islamic Capital Market Growth
The Securities Commission Malaysia (SC) announced the launch of FIKRA ACE, a fintech initiative that aims to enhance the Islamic capital market (ICM) ecosystem. FIKRA ACE is the enhanced, three-year initiative following the launch of SC’s inaugural Islamic fintech accelerator
Read More
Al Rajhi Malaysia Partners With Neelofa’s Muslim Lifestyle App TheNoor
Al Rajhi Bank Malaysia will be promoting its shariah-compliant Islamic banking and finance offerings to users of TheNoor, a Muslim lifestyle app by Noor Luminous. TheNoor, which is fronted and was co-founded by celebrity and entrepreneur Hjh Noor Neelofa Mohd
Read More
Funding Societies Rolls Out Islamic Financing Products For Malaysian MSMEs
Digital financing platform Funding Societies has rolled out a suite of Shariah-compliant financing solutions for creditworthy and underserved Malaysian micro, small and medium enterprises (MSMEs) seeking to grow their business. These Islamic financing solutions include Business Term Financing-i, Micro Financing-i,
Read More
Islamic Fintech Finds Promise in Malaysia’s Flourishing Digital Economy
The Islamic digital economy is rapidly expanding in Malaysia, presenting a range of opportunities for businesses and entrepreneurs alike. The country has long been at the forefront of Islamic finance, and its well-established infrastructure and regulatory framework make it an
Read More
Saturna Officially Launches Its Shariah-Compliant Digital Investment Platform
Shariah-compliant fintech firm Saturna has officially launched its digital investment platform which claims to not impose any sales or redemption charges as well as hidden fees. Saturna manages two shariah-compliant equity trust funds in Malaysia, namely the ICD Global Sustainable
Read More
FWD Launches RM45 Million Fund to Invest in Insurtech and Islamic Fintech
FWD Group, a a pan-Asian life insurance business, announced the launch of a RM45 million fund in collaboration with Malaysian venture capital firm Artem Ventures. The fund, TIM Ventures, will be investing in emerging startups in the insurtech and Islamic
Read More
AEON’s Digibank ACS Digital Confirms Raja Teh Maimunah as CEO Ahead of 2023 Launch
Islamic digital bank consortium ACS Digital Berhad has appointed Raja Teh Maimunah Raja Abdul Aziz as its Chief Executive Officer effective today onwards. The official announcement confirms Fintech News Malaysia’s report on her appointment in October. Prior to joining the
Read More
SC Consolidates All Shariah Rules on Islamic Capital Market Products and Services
The Securities Commission Malaysia (SC) has issued new guidelines on Islamic Capital Market Products and Services (ICMPS Guidelines) to further enhance the Shariah governance framework for the Islamic capital market. This will be the central source of reference on all
Read More
AEON’s Islamic Digital Bank to Appoint Raja Teh Maimunah as CEO
Ambank’s Managing Director of Wholesale Banking, Raja Teh Maimunah will be appointed as the CEO of Islamic digital bank consortium ACS Digital Berhad. While the announcement has not been made official yet, Fintech News Malaysia has it from a credible
Read More