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
| 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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