Islamic Fintech seamlessly integrates Shariah-compliant financial solutions with cutting-edge technology, setting new benchmarks in digital investment management, equity crowdfunding, peer-to-peer (P2P) financing, and digital asset exchanges. Malaysia’s Islamic Fintech sector is rapidly growing, driven by the widespread adoption of cashless payments, e-wallets, and digital assets. This innovative financial ecosystem blends advanced technology with traditional financial services, ensuring fairness and strict adherence to Shariah laws. By 2023, over 300 fintech companies are expected to have begun operations in Malaysia.

Xanderia Services Sdn. Bhd. (Xanderia), a subsidiary of Xanderia Berhad, was recently recognized in the Islamic Fintech Alternative Finance category by IFN Fintech, joining 399 other global Islamic Fintech companies. IFN FinTech is a leading source for industry knowledge, networking, and communication, supported by a vast global network, a strong social media presence, and a trusted multimedia Islamic finance platform.

According to the Global Islamic Fintech Report 2022, Malaysia ranks first in the Global Islamic Fintech (GIFT) Index, followed by Saudi Arabia, the United Arab Emirates, Indonesia, and the United Kingdom. The GIFT Index evaluates 64 countries based on their conduciveness to Islamic fintech growth, using 32 indicators across five categories: Islamic fintech market and ecosystem, talent, regulation, infrastructure, and capital.

Xanderia Services is dedicated to providing Shariah-compliant financial assistance through innovative platforms and technologies, with a mission to make Shariah financing accessible, sustainable, prompt, and secure for all.

“Embracing Islamic Fintech is more than just about religious compliance or targeting a niche market. In addition it also opens doors to vast opportunities for economic growth and financial inclusion. Utilizing the latest technology to offer Shariah-compliant financial services gives us an advantage over others to reach underserved communities, foster entrepreneurship, and stimulate economic activity, thereby contributing to a more equitable and sustainable economy,” said Razi Pahlavi, Chairman of Xanderia Services Sdn. Bhd.

“By offering Shariah-compliant financial solutions that are accessible, affordable, and convenient, Xanderia not only meets the needs and preferences of its clients but also promotes the positive values and principles of Islamic finance,” he concluded. Xanderia plays a crucial role in the development and diversification of the Islamic finance industry, a key driver of Malaysia’s financial sector and a strategic asset for the nation’s economy.