Digital technologies are driving growth and innovation in Islamic finance
The rise of digital platforms, AI, and agile methodologies offers Islamic financial institutions the chance to build Sharia-compliant products from scratch. Instead of mimicking and reworking conventional finance offerings, they can deliver products that match customer needs and meet Sharia standards for transparency, fairness, and ethics.
The rise of digital platforms, AI, and agile methodologies offers Islamic financial institutions the chance to build Sharia-compliant products from scratch. Instead of mimicking and reworking conventional finance offerings, they can deliver products that match customer needs and meet Sharia standards for transparency, fairness, and ethics.
This Islamic-first approach embeds Sharia compliance early in product development, encourages innovation, speeds up the rollout of new offerings, enhances the customer experience by cutting wait times, and guides AI integration.
Christoph Koster, CEO at UAE Ruya was speaking at an online event that examined the growth of Islamic finance worldwide and how Islamic banks are using new technologies to meet rising demand for Sharia-compliant products.
Islamic Finance community
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