24% of Islamic fintechs expect to seek regulated status in the future - survey
24% of Islamic fintechs are unregulated but will seek regulated status in the future, according to the findings of a new survey released on Tuesday (Dec 10).
The survey also found that 21% of respondents are directly regulated, another 21% are indirectly regulated, meaning they work through an appointed representative, while 21% are in the process of applying for a regulatory license.
All of this indicates the "complexity of propositions that fall within or are expected to fall within regulatory perimeters," wrote the authors of the survey findings.
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