Syed Muhammad Naquib Al-Attas
Dr. Syed Muhammad Naquib al-Attas, the eminent Malaysian Islamic philosopher and one of the most influential Muslim intellectuals of the modern era, has passed away at the age of 95.
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
Innovation & Technology
Malaysia-based Zetrix AI has launched NurAI, which it bills as the world’s first Shariah-aligned large language model (LLM). Built on Islamic principles and tailored for the Global South, NurAI is designed to provide Muslims with a values-based AI alternative to Western and Chinese models. NurAI provides guidance on diverse
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
Halal Industry
Malaysia's Deputy Prime Minister, Datuk Seri Dr. Ahmad Zahid Hamidi, has affirmed that non-Muslim business operators will not be compelled to obtain halal certification. He clarified that the government has not introduced any policy mandating restaurants or food and beverage (F&B) businesses nationwide to secure halal
Halal Industry
The Malaysian Islamic Development Department (JAKIM) is considering a significant shift in its halal certification policy, with plans to potentially make halal certification mandatory for restaurants and food establishments that do not serve pork or alcohol. Currently, obtaining halal certification is voluntary for food business operators, as highlighted by Minister