PETALING JAYA: Hata Digital Sdn Bhd, a licensed and regulated digital asset exchange (DAX) under the Securities Commission Malaysia (SC), has obtained syariah certification for its platform, making Hata the first digital asset exchange in Malaysia to achieve this milestone.
This certification reinforces Malaysia’s position as the world’s leading Islamic finance market – a title the nation recently retained in the 2025 Global Islamic Finance Development Index – and extends that leadership into the regulated digital asset space. The milestone arrives as Hata enters a high-growth phase, having processed over RM1.04 billion in total transactions in 2025, with peak monthly fiat deposits reaching RM28.7 million.
Following a year-long review by an independent syariah adviser, Amanie Advisors Sdn Bhd, Hata’s digital asset trading platform was assessed to ensure that its platform and operations are aligned with syariah principles. With the global Islamic fintech market projected to surge to US$341 billion by 2029, Hata’s syariah-compliant infrastructure ensures Malaysia remains a conducive ecosystem for ethical digital finance.
With the global Islamic fintech market projected to expand significantly in the coming years, Hata’s syariah-certified platform positions Malaysia to remain at the forefront of ethical digital finance innovation.
Hata co-founder and CEO David Low said, “When we first launched Hata, many of our Muslim users told us how important it was for them to have access to a platform that aligns with syariah principles. We took that seriously and made a deliberate commitment to build a platform that meets those expectations.”
Today, he added they are proud that Hata has become the first DAX in Malaysia to obtain syariah certification as this is a meaningful milestone for them, for their users, and for the future of regulated digital assets in Malaysia.
“This milestone is not just a win for Hata. It is also a contribution to Malaysia’s wider ambition of strengthening its leadership in Islamic finance and digitising the global Islamic economy. By bringing together regulated digital assets and syariah principles, we hope to help expand access to ethical financial innovation for both retail and institutional participants,” he added.
Amanie Advisors CEO Suhaida Mahpot said, “We are proud to support Hata in achieving this significant milestone as Malaysia’s first syariah-compliant digital asset platform. Following a comprehensive review, we are satisfied that the platform meets established syariah requirements across its operations and offerings..
She added that this achievement marks an important step forward in bridging digital assets with syariah principles and they believe it will help build greater trust and inclusive digital asset ecosystem.
