KUALA LUMPUR (June 23): Sedania Innovator Bhd has bagged the Most Innovative Islamic Trading Platform — Tawarruq 2022 award by London-based business and finance magazine International Finance.

In a statement on Thursday (June 23), Sedania’s fintech subsidiary Sedania As Salam Capital Sdn Bhd was recognised for its patented digital fintech platform, As-Sidq, in supporting the Islamic financing requirements of the financial services industry.

It said this was solidified further by the company’s strong presence within the industry via its client base of over 80 financial services institutions, and more than RM50 billion worth of loans processed to date.

Sedania As Salam chief executive officer Nisa Ismail said the award was a testament to the company’s digitisation of the financial services industry by improving convenience of Islamic financing transactions.

“This new milestone further fuels our desire to constantly improve and expand our portfolio of fintech service offerings, as well as continuously build meaningful partnerships to empower the fintech industry,” she said.

Nisa also said Sedania’s GoHalal Financing Programme, which was launched in 2021 with Grab, one of the prominent partners under the programme, aims to provide more convenient and secure access to financing for the Malaysian community as well as elevate Islamic financing products digitally.

At the midday break on Thursday, Sedania was 4.76% or two sen higher at 44 sen, valuing it at RM152.76 million.