Fintech, the new Islamic approach
The Governor of the Qatar Central Bank Sheikh Abdulla bin Saoud al-Thani has outlined opportunities and challenges facing the development of Islamic fintech.
As reported by the Gulf Times, these challenges present opportunities for growth in the Middle East and North Africa (Mena) region. The Middle East accounted for only 1.8% of global fintech investments over the past five years.
Now the goal is to exploit technological tools and create ways for international finance to be more efficient, profitable, and secure.