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-as-a-Service (iBaaS) platform
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 an Islamic
A new UK charity, Shared Futures Foundation, has launched with a straightforward argument: the reason most people don't participate more ethically in the economy isn't apathy, it's that the systems around them were never designed to make it easy. Founded by Adil Abbuthalha, an
A father-and-son team behind Australia's largest Sharia-compliant financial group is now taking aim at a different kind of gap in the market: a unified digital platform for the global Muslim community. Hakan Ozyon, who built Melbourne-based Hejaz Financial Services, has launched Wahda alongside his son Ali, describing it
Wahed, the global Islamic fintech company, has launched the first Shariah-compliant real estate fund in the United States, open to non-accredited investors.
Mihrab is a free Islamic app that covers salah times, Quran, hadith, dhikr, fasting tracking, and a few other essential features.
Shariah compliance isn't a certification to earn and file away. Muslim founders must embed their values into every layer of their brand, from copy and visuals to hiring and investor narrative. Here's why it matters.
Meet Azhar Mohiuddin, the Hyderabad founder who built BioReform to fight plastic pollution, and has already replaced 15 million plastic bags across 4 countries.
KIM Vakfı (Center for Cross Cultural Communication), a Türkiye-based non-profit organization, has launched its global fundraising campaign on LaunchGood. The organisation’s aim is countering Islamophobia and promoting intercultural understanding through educational outreach at Türkiye’s historic Islamic heritage sites. With Istanbul, currently the world’s most visited
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, or misaligned with their values. Nawa addresses
AI is everywhere, thanks largely to Big Tech. But when two self-taught Syrian brothers left their corporate tech roles in Germany, they weren’t trying to add yet another model to the pile. They were focused on a more urgent question: Why is there still no ethical alternative to the
Taahirah, the Muslim women’s health platform, has launched its mobile app, marking an expansion from its initial web debut in January. Founded by Farzana Salik, Taahirah blends faith-driven guidance with sophisticated health tracking, addressing a crucial gap for Muslim women navigating both personal health and religious obligations. With its
Apps
A newly launched app called Swaplyst wants to make it easier for people worldwide to trade skills for experience through volunteering, internships, and peer-to-peer exchanges. Founded by Jordanian social entrepreneur Kamel Al Asmar, Swaplyst is a mobile platform that lets people exchange skills, time, and volunteer work for hands-on experience
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 round drew
Africa
The United Nations Development Programme (UNDP) and the Hormuud Salaam Foundation (HSF) have launched an 18‑month initiative designed to unlock youth employment and spark innovation in Somalia’s fast‑growing green and blue economy. Backed by Hormuud Telecom and Salaam Somali Bank with funding of USD 820,000, the
Halal Knowledge Base
As the Managing Partner of Zamzam Capital and someone with over 25 years’ experience in Islamic banking, finance & investments, I’ve witnessed tremendous growth in both awareness and accessibility for Shariah-compliant investing in India. Currently, one finds both a great promise but also unnecessary confusion around what Halal investing
Startups
HASAN.VC marked a major milestone this week with its largest-ever Halal Startup Showcase, celebrating the graduation of Cohort 003 from its five-week accelerator program and officially launching its third venture fund. The full-day event, held at the Khazanah Auditorium at the Asia School of Business, brought together nearly 50
Events
The world’s leading trade fair for the food and beverage industry, Anuga, and the Islamic Chamber Halal Services (ICHS), the Halal arm of the Islamic Chamber of Commerce and Development (ICCD), have officially launched the 1st Anuga Halal Forum 2025, marking a milestone in global Halal industry collaboration and
Education
Ilmuna, the World Islamic Board of Education, was officially launched on October 9, 2025, in Colombo, Sri Lanka. The initiative marks a milestone in the global effort to revitalise Islamic education, aiming to transform educational systems from an Islamic worldview and address the unique challenges facing Muslim learners and educators
Innovation & Technology
Omar M. Yaghi, a chemist born to Palestinian refugees in Jordan, has been awarded the 2025 Nobel Prize in Chemistry for his pioneering work in developing metal-organic frameworks (MOFs), a breakthrough molecular architecture with transformative applications. Yaghi shares the prize with Susumu Kitagawa of Japan and Richard Robson of Australia.
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 full suite
OIC
The Islamic Development Bank (IsDB) has greenlit a major financing package totalling almost US$1.27 billion, aimed at supporting sustainable development and resilient economies across 12 member countries in Asia, Africa, and the Middle East and North Africa (MENA) region. At its latest Board of Executive Directors meeting, chaired
Islamic Finance
In a move to promote financial inclusion, the Local Access Bradford Fund has launched the UK’s first Sharia-compliant social investment loan product, with £5 million in capital to support underserved social entrepreneurs, particularly Muslims who have long been excluded from conventional finance due to riba-based lending. The new fund
Apps
A new Islamic EdTech platform, focused on serving madrasas and maktabs, has been launched, specialising in Qur’an memorisation and student development. Unlike general-purpose school management tools, ilmify.app was developed in consultation with Ulama and Muftis to address the specific needs of Islamic institutions. The platform offers tools for