Fingular unveils Shariah-first consumer lending brand in Malaysia

It will provide digital financing solutions structured using Tawarruq.

Fingular has launched Tazee, a Shariah-first consumer lending brand, in Malaysia.

The new brand focuses on providing Shariah-compliant, fast digital financing solutions tailored to local market needs, the Singapore-headquartered fintech company said in a press release.

Islamic banks typically focus on larger amounts and longer tenors, whilst existing short-term providers offer mixed products, where Shariah compliance is not always consistently applied across the product offering, Fingular said.  Tazee is reportedly designed to address this gap, offering digital financing solutions.

All products are structured using Tawarruq (Commodity Murabahah) and executed via a
Shariah-compliant Digital Commodity Trading Platform.

The operating entity, Wawasan Sdn. Bhd., holds independent Shariah certification from a premier Malaysian advisory firm.

Fingular said that Tazee plans to introduce additional installment-based options in the future.

The service is currently available via web and Android, with an iOS launch planned in the near term.