Digital Disruption and Changing Consumer Behaviour Provide Large Opportunities for Shariah-Compliant Finance

Dr Osaid Kilani, Global Head of Internal Shariah Control at Abu Dhabi Islamic Bank, has said that there are two key factors posing challenges to the status of today’s banks: digital disruption and changing consumer behaviours.

Why it Matters?

According to Dr Kilani, digital disruption has fast-tracked the transition to digital financial services, while changing consumer behaviours relates to ethics – consumers wanting to know that their money is not damaging the natural world or its communities. These new dynamics provide a slew of possibilities for the world of Shariah-compliant finance.

Details

Dr Kilani is of the opinion that in order to bring innovative Islamic finance to life and for it to reach more...