New Digital Exchange Seeks to Host Islamic Finance Startups

New Digital Exchange Seeks to Host Islamic Finance Startups
Business and financial district of Levent, which comprises of leading Turkish banks' and companies' headquarters, is seen behind a residential neighborhood in Istanbul, Turkey on Nov. 30, 2017. Murad Sezer/ Reuters
|Updated:

A new digital exchange aims to attract listings from sharia-compliant financial technology startups, its chief executive said on Aug. 27, part of a growing number of firms looking to modernize Islamic finance.

The exchange, known as Huulk, has applied for a digital exchange license in Malta and hopes to partner with several European exchanges in the coming weeks, Huulk chief executive Ibrahim Mohammed said in a telephone interview from Dubai.