Fintech and Government Support Drive Innovation in UK’s Islamic Financing Industry: Experts

Being a finance and technology hub, experts believe London in the United Kingdom (UK), is well set to direct substantial growth in the Islamic finance space, supported by Fintech-led innovation.

Speaking to Arab News, Youness Abidou, Chief Executive Officer of Shariah-compliant property investment firm Nester, stated that despite the yet unknown impacts of Brexit and COVID-19, London is perfectly set to take advantage of the exponential growth anticipated within the Islamic finance industry over the next decade.

Given the increasing demand for Islamic finance products in the UK, Abidou explained that innovation via Fintech is required to ensure an adequate supply of products and se...