The Halal Times
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There has been a strong demand for Islamic fintech products almost everywhere. Countries have been scrambling to attract bigger investments in the sector. The world has seen an upheaval due to the recent Brexit deal as the UK now risks losing its dominance in the financial services sector. Other players have been attracting more investments …
How is Islamic fintech going to evolve in 2021? What are the trends it is expected to follow? is it going to impact the global financial markets significantly? These and many other related questions have become important as the Islamic fintech industry, a subset of the global fintech sector, has seen a lot of activity …
Imagine yourself as the proud owner of a small business that has been trying hard to make ends meet for quite some time now. But, due to COVID-19 and a whole host of other unavoidable circumstances, your efforts to keep your small business afloat are, somehow, failing. So, what is the way to get out …
Islamic fintech could reduce poverty and unemployment. It could reduce the scourges with the help of instruments such as easy payment and settlement solutions, remittances, person-to-person (P2P) lending, crowdfunding, and prudent investments. According to Islamic finance scholars, Islamic microfinance that is shariah-compliant could be used to mitigate poverty or reduce the unemployment rate all over …
Blockchain technology is going to change everything”. This claim was made many times over the past several years in many different forms. And we are still waiting to see the change. Skeptics, like Jesse Fredrik, argue that blockchain is a solution in search of a problem. The technology is yet to prove itself and deliver …
In 2018, Malaysia accounted for only 1 percent of the global halal demand – proving there are substantial opportunities and room for improvement to develop a transparent and trusted halal hub in the country. Despite the projected increase in the global Muslim population to 30 percent by 2050, which is one of the driving factors …
eCommerce is booming all over the world. The on-going COVID-19 pandemic has made online businesses all the more ubiquitous among buyers. Millions of new customers have joined the bandwagon of eCommerce after the pandemic started early this year. Most eCommerce companies have been reporting massive increases in their sales revenues. Embedded finance has been playing …
Abu Dhabi Islamic Bank (ADIB) has launched a virtual sales platform that allows customers to communicate with the bank remotely and apply for personal finance products, covered cards, takaful products, and other banking solutions from the comfort of their homes. This is the first-ever virtual sales platform offered by a financial institution in the UAE. …
Fintech, according to financial analysts, is a viable platform that can be leveraged to boost Islamic Finance in Nigeria. Mr. Muhammad Jidda, Head Shari’ah Audit and Product Development, SunTrust Bank Nigeria Limited, expressed the opinion in a recent conversation on developments around the non-interest finance market in the country. According to him, the pathway is …
The roll-out of shariah-based digital financial products will deepen Islamic Finance in Nigeria. Mr. Fahad Siddiqui, Co-Founder and Chief Operating Officer of TAIF Digital Institute for Islamic Finance in Toronto Canada gave this opinion as a guest on WebTV’s Islamic Finance Weekly program. According to him, there has been a lot of discussion in Nigeria …
Islamic Banks all over the world have been adopting financial technologies to streamline their business operations. This was stated by a panel of experts during an online seminar conducted by the first Virtual InFocus Session organized by Bahrain-based General Council for Islamic Banks and Financial Institutions (Cibafi), a global umbrella of Islamic financial institutions. Successfully …
Islamic financial technology firms, or Islamic fintechs, are moving center stage in the global Islamic finance industry when it comes to innovation and serving unmet needs in Muslim populations around the world. These are some of the core findings of the newly-released Global Islamic Fintech Report 2019 produced by UK-based digital finance advisory firm Elipses …
