FINTECH PROMISES TO OPEN UP ISLAMIC FINANCE MARKET
May 27th, 2022
Sharia-compliant financial technology (fintech) is poised for explosive growth across both Islamic and western jurisdictions.
In part this reflects growth in Islamic finance: Refinitiv, an American-British global provider of financial market data owned by the London Stock Exchange (LSE), predicts the value of money transacted through the Islamic finance sector will reach USD4.9 trillion by 2025.
According to Refinitiv's Islamic Finance Development Report 2021, Islamic fintech providers were among the standout performers in the sector during 2020 “as ...
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