Global Islamic Fintech Forum 2024

ABOUT ALHUDA CENTER OF ISLAMIC BANKING & ECONOMICS

Towards the pursuance of our goal to promote Islamic FinTech all over the globe, AlHuda Centre of Islamic Banking and Economics is working diligently since its existence 14 years ago. AlHuda CIBE has been acknowledged as a distinguished service provider due to our notable services, team of dedicated professionals and one stop solutions of Islamic FinTech. Our aim is to provide state-of-the-art services of Islamic FinTech. We are proud to be prominent for our Advisory and consultancy, research and development, education and capacity building, Shariah advisory, publication and events all over the world. 

AlHuda CIBE is supported by many national and international organizations and institutions as Strategic Partners support and our Alumni have spread over 70 countries. We are proud to stand among the world's largest presences for capacity building, training, consultancy, and other services. More details are available at www.alhudacibe.com

ABOUT ISLAMIC FINTECH

Islamic Fintech is a rapidly growing sector that leverages technology to deliver financial services in accordance with Shariah principles. This innovative approach is reshaping the way Islamic finance is conducted, offering greater accessibility, efficiency, and inclusivity. Islamic Fintech solutions encompass a wide range of services, including digital payments, crowdfunding, peer-to-peer lending, wealth management, and insurance. By combining traditional Islamic financial principles with cutting-edge technology, Islamic Fintech aims to meet the evolving needs of Muslim consumers and businesses while upholding ethical and socially responsible practices. The Islamic Fintech sector has experienced substantial growth in recent years, propelled by technological advancements and the rising demand for Shariah-compliant financial services. The global Islamic Fintech market was valued at $100 billion, representing around 0.9% of total Fintech transactions worldwide. Projections indicate that the market is set to expand to $180 billion by 2026, with a compound annual growth rate (CAGR) of 17.9%, surpassing the overall global Fintech industry growth rate.

The Islamic Fintech industry has seen rapid growth, with over 400 active startups and an expectation for continued expansion. Investment trends in Islamic Fintech are on the rise, driven by the promising future prospects of the industry. Moreover, there is increasing interest in AI and Blockchain technologies for personalized financing and the development of Islamic Fintech applications, respectively. Governments are also paying attention to Islamic Fintech regulations. Major contributors to the Islamic Fintech sector include Saudi Arabia, Malaysia, Indonesia, and other emerging countries such as Bahrain, Bangladesh, Egypt, Iran, Jordan, Kuwait, Nigeria, Oman, Pakistan, Qatar, and Türkiye.

The aim of the Islamic Fintech Forum is to foster innovation, collaboration, and growth within the Islamic Fintech industry. By bringing together industry leaders, regulators, investors, and technology experts, the Forum seeks to:

• Promote adopting Islamic Fintech solutions to enhance financial inclusion and access to Shariah-compliant products and services.
• Facilitate knowledge sharing and networking among industry stakeholders to drive innovation and collaboration.
• Address the challenges and opportunities facing the Islamic Fintech sector, including regulatory frameworks, technological advancements, and market trends.
• Promote ethical and socially responsible practices within the Islamic Fintech industry, aligning with the principles of Shariah.
• Strengthen the global Islamic Fintech ecosystem by connecting key players and fostering partnerships.