Wahed to acquire Niyah.

Wahed, a US-based Islamic-finance fintech company, agreed to acquire Niyah, a UK-based fintech firm. Financial terms were not disclosed. “We are excited about welcoming Niyah to our business. Our vision of creating a parallel financial ecosystem that helps minimise wealth inequality is one step closer as clients will now be able to allow their savings to work for them without partaking in the traditional money lending infrastructure. It’s a perfect fit for us and for our customers,” Junaid Wahedna, Wahed CEO.