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30 Notable Islamic Fintechs

Salaam Gateway, in partnership with DinarStandard and Elipses, has released the "30 Notable Fintechs" as part of the Global Islamic Fintech Report 2024/25. These 30 notable Islamic fintechs are standout leaders in the industry, driving progress through funding rounds, geographic expansion, consolidation, and innovation in the Islamic finance sector. This list is presented in alphabetical order.
 

To read a summary of the ranking and hub, click here
To download our Global Islamic Fintech Report 2024/25, click here

 

 


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Company Name
Sector
Country
ABHI
Finance
Pakistan
Algbra
Save and Invest
United Kingdom
Alif
Save and Invest
Tajikistan
Alphalytix
Save and Invest
Singapore
Ayan Capital
Finance
United Kingdom
Beehive
Finance
UAE
​CoinMENA
Finance
UAE
Cordoba Capital Markets
Finance
United Kingdom
Defynance
Save and Invest
United States
Easypaisa
Finance
Pakistan
Ethis
Finance
Malaysia
Fasset
Save and Invest
UAE
Funding Souq
Finance
UAE
Goldframer
Finance
Turkey
Hijra
Save and Invest
Indonesia
Iman
Save and Invest
Uzbekistan
Kestrl
Save and Invest
United Kingdom
Kitabisa
Give and Protect
Indonesia
LaunchGood
Give and Protect
United States
Lendo
Finance
Saudi Arabia
Madfu
Finance
Saudi Arabia
Manzil
Save and Invest
Canada
MoneyFellows
Save and Invest
Egypt
Musaffa
Save and Invest
United States
Pfida
Finance
United Kingdom
Tabby
Finance
Saudi Arabia
Takadao
Give and Protect
Saudi Arabia
Tamara
Finance
Saudi Arabia
Wahed
Save and Invest
United States
​Zoya
Save and Invest
United States

Methodology

Notable Islamic Fintechs, presented in alphabetical order, have been selected from the Islamic Fintech Database upon the following criteria: 

  • Raised a significant level of funding to date
  • Introduced a brand-new product to the market, or brought an existing product into a market where it had not been offered before
  • Expanded to a new jurisdiction
  • Demonstrated growth in other ways e.g. diversified product set, demonstrated user growth etc

Data Sourcing

Data for analysis and the fintech profile was collected from multiple sources, including DinarStandard's proprietary 'ImpactIntell' database, company websites, social media, press releases, and third-party intelligence tools.

Comments/Questions:

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