Company Information

Get to know Islamic Wallet

Islamic Wallet is a financial technology company focused on providing a secure and ethical digital asset management solution that adheres to Islamic finance principles. It functions as a non-custodial mobile wallet, giving users full control over their private keys and funds. The platform's mission is to bridge the gap between the rapidly growing world of cryptocurrency and the specific needs of Muslim users by integrating features such as a Halal/Haram crypto screener, real-time Zakat calculation, and educational resources on Islamic finance in the context of digital assets. The company behind the brand is Algoray Limited.

Industry

Crypto CryptocurrencyPRIMARY
Financial Other Service

Contact

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Islamic Wallet

Bangladesh

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.