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.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Islam , fintech , finance , Jassem , finance ,

   

Next In Business News

Wall Street set to bounce back as Tesla soars
Two major shareholders of Rexit face jail in Singapore for illegally obtaining personal data
Anwar: Iskandar Malaysia secures RM40.3bil committed investments from Jan-Sept 2024
DXN posts lower 2Q net profit of RM65.97mil
ViTrox remains cautiously optimistic for 4Q24 amid challenges
Allianz: Malaysia's inflation likely to trend at 2.9% in 2025
AWC wins RM9.5mil contract for Sungai Melaka immigration complex
Nestle posts RM85mil net profit in 3Q, declares 35 sen dividend
Ringgit gains vs greenback on stable inflation data
Texchem confident in sustaining performance amid positive economic outlook

Others Also Read