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
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
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
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
Islamic Finance
Oman's Islamic finance industry is witnessing robust double-digit growth in 2025, with total assets estimated at $36 billion as of August and projections to surpass $40 billion between the second half of 2025 and 2026, according to a new report from Fitch Ratings. Despite being the smallest Islamic
Islamic Finance
BlueFive Capital, an Abu Dhabi-based asset manager with over $2.6 billion in assets, has partnered with Saudi Arabia’s multibillion-dollar Al Murjan Group in a cross-shareholding agreement to launch a global platform for Sharia-compliant asset management and Islamic finance. As part of the deal, BlueFive will take a minority
Islamic Finance
Bahrain’s Ajyad Capital is doubling down on the future of Islamic finance. The Shariah-compliant investment firm, licensed by the Central Bank of Bahrain since 2003, has announced a new strategic partnership with UK-based Ratings Intelligence, a leading provider of Shariah advisory and compliance solutions. The collaboration will integrate Ratings
Islamic Banking
The Bank of Ghana has taken a significant step toward introducing Non-Interest Banking and Finance (NIBF) by convening a high-level meeting with senior religious leaders in Accra. The initiative, led by Governor Dr. Johnson Pandit Asiama, reflects the central bank's commitment to deepening financial inclusion through ethical and
Islamic Finance
The Definitive Guide to Shariah-Compliant Mutual Funds in India Investing in alignment with Islamic principles has become a growing priority for many Muslims. In India, Shariah-compliant mutual funds offer an ethical investment avenue by excluding activities and industries prohibited under Islamic law. These funds strictly adhere to principles such as
Islamic Finance
Jordanian business expert and Islamic finance specialist, Dr. Raed El Omari, has released his latest work, Ethical Investment in Islam: Principles and Practices. The book offers a comprehensive guide to Shariah-compliant investments, designed for scholars, finance professionals, and investors interested in ethical finance. Dr. Raed El Omari is a distinguished
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 – an
Islamic Finance
Islamic banks in the Gulf Cooperation Council (GCC) are poised to outpace conventional banks in growth, driven by rising demand for Shariah-compliant financial products and the resilience of their profit margins, according to a report by Moody’s Investors Service. The report highlights that Islamic banks’ fixed-rate retail financing models