Doha: Companies need to continue transforming and updating their products as digital transformation intensifies and businesses are looking for new sol.
Qatar has been working to support the ecosystem for Islamic fintechs. Highlighting the role of technology in the Islamic finance during an online even.
The College of Islamic Studies ( CIS) at Hamad Bin Khalifa University presented an international conference “Entrepreneurship, Sustainable Development and the
Dubai: Islamic Finance and Wealth Management industry has remained resilient amidst the pandemic according to a study by Alpen Capital (ME) Limited and Alpen Asset Advisors Limited that analyses the impact of the pandemic on the sector.
“Islamic finance and wealth management industry faced the dual shocks of adjusting to the pandemic and historically low oil prices in 2020. While the industry slowed down during the year after experiencing record growth in 2019, it showed resilience and total Islamic finance assets in 2020 are estimated to match the previous year s figures,” said Sameena Ahmad, Managing Director, Alpen Capital (ME) Ltd.
Factors like growing Muslim population seeking Shariah-compliant financial instruments, rising adoption of technology and the industry’s ability to demonstrate a higher level of ethical credibility have been driving growth.