Increased use of technology to improve the efficiency of mature African businesses is expected to boost the number of high net worth individuals, as the second generation of family owned businesses takes over management from founders.
Over the past two decades, international investment banks have brought to market many increasingly sophisticated Shariah-compliant financial instruments and in the Gulf Cooperation Council, the market share of Islamic banking reached 27 percent in 2019. However, with several products and services still restricted, there remains significant unrealized potential. Now, new
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