Islamic FinTech in 2018

January 8, 2018

 

2018 may prove to be a pivotal year for Islamic finance stakeholders and their approach to developments in FinTech.

 

Potential areas where FinTech is likely to have an impact on Islamic finance are remittances, insurance (or takaful), investment advisory services and online trading. The overlap between Islamic finance and ethical finance and the opening of financial services to the “unbanked” are important issues to be tackled. In the coming years, demand from consumers (most