Millennials to drive the future of Islamic finance

The Islamic banking and finance industry has been growing at a rapid rate over the last decade – around twice the pace of its conventional counterpart – with the number and geographic reach of these institutions increasing exponentially. The industry’s assets stood at $2trn in 2015 and are expected to top $3.5trn by 2021 according […]

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The success and continuous growth of any industry depends on how fast it can develop the ecosystem required to make it more inclusive and accessible The Islamic finance ecosystem includes appropriate legal and regulatory frameworks that recognise an intrinsic approach, allowing it to operate efficiently in a diversified financial system. In addition, it includes adequate […]

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Cryptocurrency traders use old gold in drive to draw Islamic investors

DUBAI/SYDNEY (Reuters) – In Dubai’s decades-old Gold Souk, customers from around the world haggle over bangles and necklaces. Elsewhere in the emirate, the region’s top center for gold trade, bullion is playing a new role in financial engineering A local start-up company founded last year, OneGram, is issuing a gold-backed cryptocurrency — part of efforts […]

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