London
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Commission-free stock trading disruptor Robinhood is bringing its app to the UK market, in a bid to further globalise its mission of “democratising the financial system”. Stock trading app Robinhood gets UK broker license. A blog post on its website confirms the fintech has been granted full authorisation by the UK’s financial regulator, the Financial…
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Islamic financial technology (fintech) companies are aiming to disrupt traditional Islamic banks. Like conventional fintechs, Islamic fintechs face similar challenges dealing with regulatory challenges, hiring and retaining talent, raising funds from investors, acquiring customers and expanding into other regions. At the Innovate Finance Global Summit held in London last month, Islamic fintech was key topic…
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Aft er proposing its first-ever Sukuk offering in January, Al Rayan successfully closed the largest corporate Sukuk issuance in the UK’s history last month with the Tolkien Funding Sukuk No 1 raising GBP250 million (US$349.18 million) in capital. The Sukuk facility was rated ‘A’ and priced at 0.8% above the LIBOR rate. The bank did…