Wahed Invest acquires UK fintech Niyah, enters Islamic challenger bank race
Wahed Invest has acquired UK fintech Niyah for an undisclosed amount.
The acquisition signals “a leap forward” in Wahed’s product expansion plans and its ambition to become the leading “one-stop-shop” for Shariah-compliant financial products and services, the U.S.-based Islamic fintech company said on Thursday (Dec 17).
Niyah launched an alpha release of its banking app, catered to the Muslim community, earlier this year.
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