New Post

August 02, 2024

MSF

MUSLIM STARTUP FOUNDER

HALAL FINTECH ON THE RISE

July saw significant growth in the halal fintech sector. Startups like Wahed and Zoya are making waves. Wahed introduced a new robo-advisor feature tailored to Shariah-compliant investments, and Zoya launched an app update that enhances global stock screening for halal portfolios  (Home of FinTech & Banking News)  (Wahed- Halal investing made simple) .

The MENA region saw a significant influx of investments in July. Cairo-born ride-hailing app Swvl announced a $50M Series D round, and logistics platform Trukker raised $30M, reinforcing the region's growing startup ecosystem  (Salaam Gateway).

Muslim-led GreenTech startups are gaining traction. EcoIslam, a Malaysian startup focused on sustainable farming, received recognition at the Global Islamic Economy Summit for their eco-friendly farming practices across Southeast Asia  (IFN Fintech).

Community Highlights

Muslim founders gained recognition in July. Ahmed Yousuf, co-founder of Muslim Pro, was featured in Forbes' "30 Under 30" for his work in digital religious services, inspiring many young entrepreneurs in the community