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DUBAI / WAM
The UAE has been ranked as one of the world’s top Islamic fintech hubs with the country home to 12 start-ups specialising in this field, a new analysis from the Dubai Chamber of Commerce and Industry has revealed.
The analysis, based on recent data from IFN Fintech, ranked the UAE fourth globally as an Islamic fintech hub.
The UAE’s highly entrepreneurial culture, investments and strong business support were identified as key factors that have positioned the country as an attractive hub for Islamic fintech start-ups.
The findings of the analysis were released ahead of the Global Islamic Economy Summit (GIES 2018), in Dubai, which takes place from October 30 to 31. The UAE outperformed the United States which ranked fifth as the country is home to 11 Islamic fintech start-ups.
India and Egypt claimed the sixth position with the two countries hosting a total of four start-ups each.
ADGM launches programme to assist start-ups, entrepreneurship
ABU DHABI / WAM
Abu Dhabi Global Market (ADGM) launched the ‘Entrepreneurship Support Programme’, in collaboration with leading local and international advisors. The programme provides ADGM-registered entrepreneurs and start-ups with business services designed to develop entrepreneurship and start-up businesses.
ADGM will provide seminars, networking sessions, me-ntorship clinics, and worksh- ops for entrepreneurs, start-ups on topics relating to business set-up, growth, financial planning, legal and compliance.