ROYAL AWARD FOR ISLAMIC FINANCE IMPACT CHALLENGE PRIZE 2022 FINALISTS
The Impact Challenge Prize 2022 recognises digital and innovative solutions based on Islamic finance principles or enablers, that seek to improve the economic and social resilience of financially impacted communities globally. 50 applications were received from 14 countries of which 10 teams were shortlisted as finalists. Bank Negara Malaysia and the Securities Commission Malaysia are pleased to showcase the 10 teams that made it to the finals.
Digital will, hibah and legal services for legacy planning
2. duithape
Bio-metric based cashless payment system for disbursement of Shariah-compliant microloans for micro and SME borrowers
3. Ethis Malaysia
Shariah-compliant equity crowdfunding
4. General Financial Insights (GFI)
Alternative credit risk assessment system applying AI algorithms and deep learning
5. Kapitani
Transactional record keeping app for farmers including credit scoring and crop marketplace
6. MADCash
Shariah-compliant microfinance ecosystem for underbanked women entrepreneurs
7. MesinKira
Mobile app offering end-to-end merchant solutions for micro businesses
8. microLEAP
Shariah compliant P2P financing platform for Micro, Small and Medium Enterprises
9. pod
Digital platform that provides gig workers with access to financial products including Shariah microfinancing and facilitates alternative credit scoring
10. uPledge
Crowdfunding (capital and donations) for businesses/organisations that pursue sustainable and impactful outcomes for society
