While interest in the global fintech landscape has expanded at pace in recent years, propelled by the ubiquity of smartphones, sharia-compliant fintech has lagged behind, as potential investors remain cautious. Yet those involved in the sector believe it offers strong opportunities and that steps being taken to develop fintech ecosystems in key markets will help to grow the industry.
Globally, the Islamic FinTech community has also grown.
Islamic Finance is faith based and complies with Sharia law which prohibits usery fees such as interest, and has prohibitions such as alcohol.
Tripledot Technologies hosted a delegation from Middle-east to showcase our products and services & also discuss on the impact of technology on the growing middle-class economy and potential of Islamic Fintech: