Islamic Fintech
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
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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
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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
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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
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Islamic Fintech’s Rise in South East Asia
The global Islamic fintech industry is worth an estimated RM372.56 billion ($79 billion) and is growing rapidly. Southeast Asia is one of the most promising markets for Islamic fintech, with a sizeable Muslim population and a growing middle class. There
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BNM, SC Sets up New Council to Position Malaysia as a Global Islamic Financial Center
Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) announced the establishment of the Malaysia International Islamic Financial Centre (MIFC) Leadership Council. The council serves as a platform to provide industry stewardship in enhancing Malaysia’s proposition as a global
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Ethis’ Co-founder Umar Munshi Receives Emerging Leader Prize
Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) awarded Umar Abdullah Mahmud Munshi, the Co-founder and Group Managing Director of Ethis Group with the Emerging Leader Prize in conjunction with The Royal Award for Islamic Finance 2022. The
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Tan Sri Dr. Mohd Daud Bakar Receives Royal Award for Islamic Finance 2022
The Royal Award for Islamic Finance 2022 was bestowed to Tan Sri Dr. Mohd Daud Bakar by the Yang di-Pertuan Agong at an award presentation ceremony held in Kuala Lumpur today. Established in 2010, The Royal Award a biennial award
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Malaysian Takaful Association Partners With FAOM to Spur Fintech Adoption
The Malaysian Takaful Association (MTA) signed a Memorandum of Understanding (MOU) with the Fintech Association of Malaysia (FAOM) to spur the adoption of fintech among takaful players in Malaysia. MTA said that this strategic initiative supports the 3 third strategic
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Bank Islam Partners With UK Islamic Fintech Kestrl to Expand Be U’s Personalised Solutions
Bank Islam Malaysia Bhd has chosen Kestrl, a UK based Islamic Fintech that offers personal finance solutions to Muslims, to develop and implement personal financial management (PFM) features for its newly launched digital bank ‘Be U’. Through this partnership, Bank
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