KUALA LUMPUR (March 26): Singapore-based Fingular is launching shariah-first digital consumer financing in Malaysia to tap into one of the world’s largest Islamic finance markets. “We are building a dedicated business line for customers for whom shariah compliance is a fundamental requirement,” said Fingular co-founder Maxim Chernushchenko. Bank Negara Malaysia has licensed five digital banks, on top of 16 local and foreign Islamic banks as well as another two dozen conventional banks jostling for business in the Muslim-majority nation. Malaysia has a well-developed Islamic finance ecosystem, “yet there is still a clear gap in the digital segment for fast, small-ticket solutions”, according to Chernushchenko. All products under Tazee are structured using tawarruq, or commodity murabahah, and executed via a shariah-compliant digital commodity trading platform.

Source: The Edge Markets March 26, 2026 07:38 UTC