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Custom1 growing importance of islamic finance islamic fintech

FINTECH · ALTERNATIVE · TRENDS & INSIGHTS

Growing Importance of Islamic Finance and Islamic FinTech

Islamic finance refers to the commerce conducted according to Islamic law, i.e., sharia law, across the world. With nearly 2 billion Muslims in the world, accounting for close to 10 trillion dollars in combined GDP (for the Organization of Islamic Countries), Islamic finance terms have started playing an important role in the world of finance and economics. Indonesia, Turkey, Saudi Arabia, Iran, Egypt, Nigeria, Pakistan, Bangladesh, and UAE account for 50% of the total GDP of Islamic countrie...

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