Islamic Finance Digitalisation Will Increase Dramatically as Spending Surges: IslamicMarkets Research

A dramatic increase is anticipated in the digitalisation of the Islamic finance sector as spending on technology and new digital financial services surges. Digitalisation is anticipated to speed up the adoption of open banking and Islamic finance. This research was conducted among 346 leading Islamic finance professionals working across sectors by IslamicMarkets.com during August 2022.

A sharp rise in spending on technology and innovative digital financial services is expected to result in a sector-wide digitalisation in Islamic finance.

The research, conducted by IslamicMarkets.com to support the Global Islamic Finance Forum 2022 (GIFF2022) set to take place on the 5th - 6th of October 2022, found that 57% of Islamic finance professionals expect a dramatic increase...