How Islamic fintech can advance Shariah financing solutions
Islamic finance has segued from a once-nuanced offering into the mainstream, helping unlock access and encourage inclusion for more than two billion Muslims the world over.
Islamic fintech, in particular, holds tremendous potential and ability to draw a vast majority of Muslims into the financial ecosystem, all while spurring innovative business models and unlocking new revenue streams.
Leveraging innovations such as open banking not only helps create new retail offerings such as mobile apps for Zakat calculations, Waqf management and inheritance planning, but also help broaden the product gamut for corporate transactions and business banking.
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