Modified and Extracted from the book Beyond Fintech: Technology Applications for the Islamic Economy by Hazik Mohamed recently published by World Scientific Publishing Co Pte Ltd. It is clear that the digital revolution in financial services is under way, and digital disruption has the potential to shrink the role and relevance of today’s banks, while …
How will the payments industry stay ahead? By Fabio Carvalho, CCV Switzerland, Geneva, april 20 COVID-19 has changed the way consumers look at commerce and payment options. It has provided the impetus to overcome consumer inertia and has created an unprecedented global appetite for changes to how we pay, with businesses adapting to make payment …
The Islamic insurance or takaful sector accounts for just 2% of the Islamic finance industry, which makes up only 1% of the global wealth valued at $317tn in 2018 (Diagram 1). For the takaful market to grow, the Islamic finance industry must grow beyond the statistics we have been witnessing over the last four decades. …
