What are the parts of the global Islamic fintech framework?
The world's Islamic fintech framework comprises five areas that work together to make the industry tick, according to the Global Islamic Fintech Report 2021 from DinarStandard and Ellipses.
Services are probably the best-known as they're the ones facing end-consumers. These services include those in social finance, insurance, wealth management, deposits and lending, raising funds, payments, capital markets, digital assets, and alternative finance.
These services make use of enabling technologies like Artificial Intelligence, Distributed Ledger Technology, Security, and Cloud.
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