Shariah-compliant PayHalal partners Atome to enable Islamic buy-now-pay-later touchpoints

Shariah-compliant payment gateway PayHalal is partnering with buy-now-pay-later platform Atome to enable Murabaha buy-now-pay-later (iBNPL) acceptance across PayHalal’s merchant touchpoints first in Malaysia, before rolling it out in Indonesia in the coming months. Souqa Fintech Sdn Bhd, which owned PayHalal, and was launched in 2018 is the world’s first shariah-compliant (Islamic) payment gateway. By offering PayHalal as a payment gateway, merchants are certified to offer products and services that are halal for consumption.