Yielders is first Islamic fintech startup to get UK regulatory approval

London

A LONDON-based Islamic financial technology startup has become the first company of its kind to be given regulatory approval in the UK, as Britain seeks to position itself as a hub for both fintech and Islamic finance.

Yielders, a firm that allows retail investors to get exposure to the property market with as little as £100 (S$174), became the first Islamic fintech firm to be given full authorisation by Britain's Financial Conduct Authority (FCA) earlier this month.