Islamic finance embraces fintech with gold-backed debit card

Published on 25 Jan 2023 on Yahoo Finance UK

Islamic finance embraces fintech with gold-backed debit card

Islamic Fintech Wahed's first bank branch on Baker Street in London. Photo: Wahed

Wahed, a New York-based Islamic fintech backed by Saudi oil giant Aramco (2222.SR), has launched a gold-backed debit card that is Sharia compliant and avoids customer money staying inside the traditional banking system, where it would be exposed to interest.

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Islamic finance embraces fintech with gold-backed debit card

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