Ethical Finance Initiative Award Winner: MADCash
MADCash is a Fintech that works with women entrepreneurs to achieve greater financial security by providing the capital, business and financial skills to grow their businesses; with the end goal of creating a future bankability index.
We build resiliency of micro-businesses by offering educational resources through MADCash Academy and support cashflow needs by providing interest-free micro-financing. Our online platform tracks funds disbursement, loan repayment, business growth, and personal development. MADCash platform provides transparency to funders and measures the impact of the work we do. We turn traditional giving into multiplying funding cycle.
- MADCash is operating in Malaysia, Singapore and Tajikistan.
- 1200+ Women impacted since 2021, touching 30K lives*
- 700+ Women entrepreneurs funded
- Over MYR 3M Funds under management
Ethical Finance Initiative Award Runner Up: Kestrl
Meet Kestrl- The Muslim Money App: a UK fintech on a mission to help 1bn Muslims to grow their wealth without compromising their beliefs. It does this with a UK personal finance and investment app, as well as a software service for any Bank who wants to digitally transform and better serve Muslim customers.
Today Kestrl has helped 1.3 million people around the world through its app and partnerships with banks such as Bank Islam Malaysia, Emirates Islamic Bank, bank Muamalat and more.
Ethical Finance Initiative Award Runner Up: Kifiya Financial Technology
Kifiya is an AI ecosystem technology company specializing in intelligent data-driven decisioning, financial services, climate smart digital agriculture, and smart mobility infrastructure solutions. For over a decade, we have built robust technological infrastructures and implemented transformative initiatives that address market needs.
We empower MSMEs, smallholder farmers, and low- to middle-income consumers by providing access to financial services and markets. Kifiya is scaling its technology infrastructure to create a more inclusive and sustainable future in Africa.
Islamic Finance Initiative Award: National Bonds, Sukuk AlWaqf
The first of its kind in the Middle East, Sukuk Al Waqf, is an innovative endowment from the Awqaf and Minors Affairs Authority (Dubai), in partnership with the Mohammed bin Rashid International Center for Endowment and Endowment Consultation, and is managed by National Bonds.
Through this endowment, you can place your contribution into a savings account and the profits earned from it will be transferred towards a humanitarian project of your choice.
By participating in Sukuk Al Waqf, National Bonds will act as the Mudarib and Sukuk Al Waqf Manager and will invest the fund in Shari’a compliant investments. National Bonds will then distribute profits generated to Awqaf, which in turn will act as the Nazir Al Waqf of the Waqif and will contribute the profits towards the customer’s selected project.