Finocracy collaborates with Islamic Banks and FinTech Companies to build and operationalize FinTech solutions.
At Finocracy, we bring access for Islamic Banks to the global FinTech ecosystem to implement technology solutions and discover new areas of growth in an informed, efficient and credible manner.
“When We See Opportunity, We Build”
Over the next five years, we expect between 8-10 million customers in the GCC region to switch to a digital-first relationship. Finocracy aims to boost industry growth by operationalising digital platforms, revenue models and cost structures for Islamic banks to meet the needs of GCC consumers.
We invest in leading FinTech businesses:
- Finocracy ventures is the venture arm of Finocracy
- We look to support leading FinTech start-ups who have a GCC market
- We invest in innovative technologies and business models that address our strategic priorities
Operationalize & build FinTech platforms for Islamic Banks
- Collaboration with banks and FinTech companies to implement technology solutions
- Enable banks to become fit for FinTech and increase consumer base
- Advise on cutting edge solutions to augment linkage to Islamic Finance industry
A set of innovative and demand driven FinTech programmes:
- Creating ecosystem clusters to promote Islamic FinTech sectorial strength
- Establishing a physical center point of the Global Islamic FinTech Ecosystem
- Providing accelerator programmes to institutions and the public at large
Finocracy adds Ernst & Young heavyweight, Ashar Nazim, to accelerate fintech agenda for banks in the region
A group of prominent investors led by Ashar Nazim have acquired a significant stake in Finocracy. Ashar was formerly senior partner and the global head of Islamic banking practice at EY.
Participants in the Global Donors Forum in Istanbul highlighted the need for larger burden-sharing to address humanitarian needs, and expanding media capacities for Muslims to improve the image of Islam on the second day of the forum, focusing on Islamic philanthropy
A first-of-its-kind Islamic Fintech Alliance (IFT Alliance) says it wants to be the reference point for knowledge and advice, and facilitate business matching between investors and entrepreneurs to develop a Shariah-compliant fintech ecosystem.