Islamic Fintech
The Islamic Development Bank Institute (IsDBI) named three winners of its Applied AI in Islamic Finance Competency Challenge on June 17 in Baku, Azerbaijan, awarding first place to a proposal for AI-driven supply chain management across government, business, and consumer channels. The challenge ran as part of the 5th
Islamic Fintech
Islamic digital bank Fasset has been named one of the World Economic Forum's 100 Technology Pioneers for 2026, placing the UAE-based startup among a globally selected group of early-stage companies recognised for developing technologies with the potential to reshape business and society. Through the two-year
Islamic Fintech
Abu Dhabi-based Mal has received in-principle approval from the Central Bank of the UAE to establish a licensed bank, moving the Islamic fintech one step closer to launching what it describes as a global Shariah-compliant financial services platform. The approval was granted following what the central bank
Islamic Fintech
Muslim Pro, the world's most-downloaded Islamic lifestyle app, has launched its first financial product, a Shariah-compliant pilgrimage savings platform built in partnership with Maybank Indonesia. The product, called Amanah Pro, went live on 6 May 2026 in Jakarta and is described as the first Islamic Banking-
Islamic Fintech
Islamic digital bank Fasset has raised $51 million in a Series B round to expand its stablecoin-based banking platform across emerging markets, with backing from Japan's SBI Group, Bahrain-headquartered Investcorp, and Turkish asset manager Arz Portföy. Founded in 2019 and based in Los Angeles, Fasset is
Islamic Fintech
Wahed, the global Islamic fintech company, has launched the first Shariah-compliant real estate fund in the United States, open to non-accredited investors.
Islamic Fintech
ZIGChain, the compliance-driven Layer-1 blockchain, has launched Nawa Finance, its first Shariah-certified yield platform—an institutional-grade attempt to bring transparency, real-world asset backing, and Islamic-finance principles into the often-opaque world of decentralised yield generation. For many users, yield opportunities are either speculative, opaque,
Islamic Finance
Riyadh- and Singapore-based web3 startup Takadao has raised a total of US$3.1 million following the close of its US$1.5 million seed round, as it launches The LifeCard, a community-owned prepaid crypto VISA card designed to bridge decentralized finance (DeFi) with everyday spending. The latest
Islamic Banking
Fasset, a Dubai and Jakarta-based digital banking platform, has secured a provisional banking license from Malaysia to offer digital banking services under Shariah-compliant regulations. The company said this approval makes it the first Islamic digital bank to operate using stablecoins. The regulatory approval enables Fasset to offer a
Islamic Finance
Fasset, a UAE-based fintech platform, has launched IOWN, an Ethereum Layer 2 blockchain dedicated to Real World Asset (RWA) ownership. This development follows Fasset's recent approval of its Credit Token Licence from the Labuan Financial Services Authority (Labuan FSA), the regulator overseeing Labuan IBFC in Malaysia. IOWN