M’sia, Bahrain urged to lead world’s first Islamic fintech

MANAMA: Malaysia and Bahrain, two leading Islamic financial hubs in the world, should take the lead in exploring the potential of introducing the world’s first Islamic financial technology (fintech).

Bahrain Economic Development Board (EDB) executive director for Financial Services Business Development David Parker said the favourable initiatives, undertaken by regulators from both countries in issuing regulations related to fintech, provided a positive edge for Islamic fintech.