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IFN Investor

Islamic fintechs are gaining a foothold after a slow start

Islamic financial technology firms (fintechs) have been slow to make a mark on the Muslim world but that is changing. A plethora of start-ups have launched in recent years, offering digital financial services that follow Shari'ah law1. Their services range from retail and small business banking solutions to platforms offering tokenised sukuk2 issuances. They are finding fertile ground for business growth among the predominantly young and tech-savvy global Muslim population. Established Islamic banks will need to continue to upgrade their....

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