Hakeem’s Big Win: Singapore FinTech Festival 2024 Excellence Award for Emerging FinTech Product
Walee Financial Services has proudly announced that its innovative fintech product, Hakeem, has won the Emerging FinTech Product Award at the prestigious Singapore FinTech Festival (SFF) Excellence Awards. This recognition, presented by the Monetary Authority of Singapore (MAS) in collaboration with PwC Singapore and the Singapore FinTech Association (SFA), celebrates Hakeem’s role as a driving force for financial inclusion through its forward-thinking, ethical approach to nano financing.
Hakeem’s Global Recognition: A Milestone for Pakistan’s Fintech Industry and Financial Empowerment
Hakeem’s success as the sole representative from Pakistan among a distinguished group of global finalists highlights the growing potential of Pakistan’s fintech industry. It marks a significant milestone for the country’s presence on the global stage. This recognition underscores the increasing influence and innovation emanating from Pakistan’s fintech sector, positioning it as a key player in the global market.
The First Shariah-Compliant Nano-Financing App
Hakeem is the world’s first Shariah-compliant nano-financing app, offering underserved communities financial solutions that align with their values. Built on a Shariah-compliant trading model, Hakeem provides users access to financial opportunities, paving the way for financial empowerment that is both inclusive and responsible.
Empowering Financial Inclusion
Hakeem’s design is rooted in promoting financial inclusion. By adhering to ethical and Shariah-compliant principles, it ensures that financial services are accessible to those who need them most, particularly in underserved communities. This approach not only fosters financial independence but also respects cultural and religious values, making it a groundbreaking product in the fintech landscape.
A Landmark Win for Walee Financial Services
“Winning the Emerging FinTech Award at the Singapore FinTech Festival is a proud achievement for Walee Financial Services and for Pakistan,” said Noshad Minhas, CEO of Walee Financial Services. This award signifies more than just recognition; it validates the company’s mission to deliver impactful, Shariah-compliant financial solutions that promote financial empowerment and inclusion.
Statements from Walee Financial Services Leadership
“This award validates our mission to deliver impactful, Shariah-compliant financial solutions that promote financial empowerment and financial inclusion,” said Waqas Ramzan, Head of Operations at Hakeem. “Hakeem is more than a product—it’s our promise to build financial independence and dignity for those that need it most,” added Khushba Hayat, Partner, Investments at Walee Financial Services.
The Significance of the Singapore FinTech Festival Award
The Singapore FinTech Festival (SFF) is one of the most significant events in the fintech calendar, bringing together industry leaders, innovators, and visionaries from around the world. Winning an award at this event not only elevates Hakeem’s status globally but also showcases the innovative capabilities of Pakistan’s fintech sector.
The Role of MAS, PwC Singapore, and SFA
The Monetary Authority of Singapore (MAS), in collaboration with PwC Singapore and the Singapore FinTech Association (SFA), plays a crucial role in setting the standards for excellence in the fintech industry. Their recognition of Hakeem signifies the product’s adherence to high standards of innovation, ethical practices, and financial inclusivity.
Hakeem’s Contribution to Financial Inclusion
Hakeem’s Shariah-compliant nano-financing model is a pioneering step towards financial inclusion. By offering financial services that are accessible and respectful of users’ cultural and religious values, Hakeem ensures that even the most underserved communities have the opportunity to achieve financial independence and stability.
Global Impact and Future Prospects
Hakeem’s success at the Singapore FinTech Festival is just the beginning. As it continues to grow and innovate, its impact on financial inclusion and empowerment is expected to expand, setting new benchmarks for ethical fintech solutions worldwide.
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FAQs
1. What is Hakeem, and what makes it unique?
Hakeem is the world’s first Shariah-compliant nano-financing app designed to provide underserved communities with financial solutions that align with their values. Its unique selling point is its ethical approach, adhering to Shariah principles, which ensures inclusivity and respect for cultural and religious beliefs.
2. Why is the Emerging FinTech Product Award significant?
The Emerging FinTech Product Award, presented at the Singapore FinTech Festival by MAS, PwC Singapore, and SFA, is a prestigious recognition that highlights innovative and impactful fintech products. Winning this award signifies that Hakeem meets high standards of innovation, ethical practices, and financial inclusivity.
3. How does Hakeem promote financial inclusion?
Hakeem promotes financial inclusion by providing accessible and ethical financial services to underserved communities. Its Shariah-compliant model ensures that users can access financial opportunities that align with their cultural and religious values, fostering financial independence and stability.
4. What is the role of Walee Financial Services in Hakeem’s development?
Walee Financial Services is the company behind Hakeem, responsible for its development and implementation. The company’s mission is to deliver impactful, Shariah-compliant financial solutions that promote financial empowerment and inclusion, and Hakeem is a key product in achieving this mission.
5. What are the future prospects for Hakeem?
Hakeem’s success at the Singapore FinTech Festival positions it for further growth and innovation. As it continues to expand, its impact on financial inclusion and empowerment is expected to increase, setting new benchmarks for ethical fintech solutions globally.
