Leveraging Islamic Fintech to Improve Financial Inclusion
Islamic finance is a fast-booming segment of global finance. Serving a core population of 1.8 billion Muslims world-wide and a wider global ethical finance audience, its role is growing in global significance especially as it relates to global soci...
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| Format: | Report |
| Language: | English |
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World Bank, Kuala Lumpur
2020
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| Online Access: | http://documents.worldbank.org/curated/en/384361600877094703/Leveraging-Islamic-Fintech-to-Improve-Financial-Inclusion http://hdl.handle.net/10986/34520 |
| Summary: | Islamic finance is a fast-booming
segment of global finance. Serving a core population of 1.8
billion Muslims world-wide and a wider global ethical
finance audience, its role is growing in global significance
especially as it relates to global social financing needs.
The global fintech revolution is having a similar impact for
Islamic finance through the evolution of a nascent Islamic
fintech ecosystem. The purpose of this report is to evaluate
the global developments in the area of fintech solutions by
Islamic financial institutions (IFIs) and its impact on
financial inclusion within its core markets. The core
audience of this report are financial services institution
leadership, and government policymakers, especially across
the core markets of Islamic finance. |
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