Growing demand for fintech in Islamic finance

Jaseem: ‘From our perspective, we welcome those opportunities, with focus on stability, resilience and regulatory issues.’

KUALA LUMPUR: The Islamic Financial Services Board (IFSB) sees growing demand for financial technology (fintech) within the Malaysian Islamic financial services system, as customers seek alternatives that prove to be more resilient.

IFSB secretary-general Jaseem Ahmed said demand for fintech within Islamic finance had increased following the global financial crisis.