Banking
Offa Expands with Acquisition of UK Islamic Home Finance Portfolio
Offa, a UK-based Sharia-compliant fintech specializing in property finance, has acquired the Bank of Ireland’s Alburaq Islamic home finance portfolio, which includes over...
Banking
Arab Financial Services lands $50m investment
Funding: AFS secured a $50 million capital injection, aiming to support expansion and scaling efforts.
Headquarters and Presence: Headquartered in Bahrain, with additional...
Banking
UAE challenger Ruya Bank partners Network International for digital payment capabilities
Ruya Bank, the first Islamic digital community bank in the UAE, has signed with Network International for payment solutions.
The partnership provides Ruya...
Banking
Kuwait’s Boubyan Bank taps Temenos to modernise its core banking systems
Partnership Announcement: Kuwait-based Boubyan Bank has selected Swiss banking technology vendor Temenos to modernize its core banking systems.
Scope of Modernization: The bank...
Banking
Oman Arab Bank debuts new direct debit solution
Oman Arab Bank Launches New Direct Debit SolutionProduct Introduction: Oman Arab Bank (OAB) has introduced a direct debit product to streamline and automate...
Banking
Bank Muamalat signs long-term partnership with Backbase for Engagement Banking platform
Partnership and Platform Details:Partnership: Long-term collaboration with Backbase.
Objective: Launch a digital Islamic banking super-app for retail customers.
Supporting Technologies:Core Banking Platform:...
AI
Bank Muamalat signs multi-year partnership with Google Cloud to boost digital transformation
Bank Muamalat of Malaysia is collaborating with Google Cloud to accelerate its digital transformation efforts and provide personalized and inclusive digital Islamic banking...
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