- Certification comes as platform surpasses US$260 mil in transactions
- Shariah framework covers governance, asset screening and platform operations
Hata Digital Sdn Bhd (Hata), a licensed and regulated digital asset exchange under the Securities Commission Malaysia, has announced that it has obtained Shariah certification for its platform, making what it claims to be one of the first digital asset exchanges in Malaysia to achieve this milestone.
This certification reinforces Malaysia’s position as a leading Islamic finance market, as reflected in its ranking in the 2025 Global Islamic Finance Development Index, and extends that leadership into the regulated digital asset space. The milestone comes as Hata enters a high-growth phase, having processed over US$260 million (RM1 billion) in total transactions in 2025, with peak monthly fiat deposits reaching US$7 million (RM29 million).
[RM1 = US$0.25]
Following a year-long review by independent Shariah adviser Amanie Advisors Sdn Bhd (Amanie), Hata’s platform was assessed to ensure alignment with Shariah principles across its structure and operations.
The review covered Hata’s core business and governance framework, including its Digital Broker and Exchange services, digital asset screening, wallet services, trustee account arrangements, treatment of unallocated deposits, staking services, fee structures, affiliate programmes, and safeguards against non-compliant activities.
With the global Islamic fintech market projected to reach US$341 billion by 2029, Hata’s Shariah-certified infrastructure supports Malaysia’s position as a conducive ecosystem for ethical digital finance.
David Low, co-founder and CEO of Hata, said, “When we first launched Hata, many of our Muslim users told us how important it was to have access to a platform aligned with Shariah principles. We took that seriously and made a deliberate commitment to build a platform that meets those expectations.”
“Today, we are proud to achieve this milestone. It reflects our commitment to building a platform that is trusted, inclusive and aligned with the values of the communities we serve.”
He added, “This milestone is not just a win for Hata, but also contributes to Malaysia’s broader ambition of strengthening its leadership in Islamic finance and digitising the global Islamic economy. By bringing together regulated digital assets and Shariah principles, we aim to expand access to ethical financial innovation for both retail and institutional participants.”
Suhaida Mahpot, CEO of Amanie Advisors, said, “We are pleased to support Hata in achieving this milestone. Following a comprehensive review, we are satisfied that the platform meets established Shariah requirements across its operations and offerings.
“This marks a step forward in aligning digital assets with Shariah principles, helping to build trust and support a more inclusive digital asset ecosystem,” she added.
As the digital asset industry continues to mature, Hata’s Shariah-compliant platform reflects growing demand for regulated and ethically aligned financial solutions. The company said it has surpassed 218,000 users to date.