Episode 23-Islamic Fintech: Navigating the Landscape and Challenges

Majlis & Markets

Over the past decade, digitalisation and technology have transformed financial services, including payments and interactions between customers and businesses. Islamic fintech aims to do the same but in a Sharia-compliant way.

So, what makes Islamic fintech different? What challenges does it face, and what does its future look like?

In our 23rd episode we spoke to Abdul Haseeb Basit, a digital finance expert with over 25 years of experience. He is a Co-Founder and Principal of Elipses, an advisory and investment firm focused on digital disruption in the finance sector.
In this episode we covered several topics including:

• Defining what Islamic fintech is and the ecosystem's landscape
• Asking whether there is a branding/marketing issue
• Looking at some of the challenges facing Islamic fintechs

Abdul's Twitter handle-@abdulhbasit
Global Islamic fintech report 2023/24-https://salaamgateway.com/reports/global-islamic-fintech-report-2023
You can email your comments, feedback or suggestions to us: [e-mail]

Intro theme song-'Tales of the Arabian Nights' composed by StudioKolomna via Pixabay

Kapitel

1. Episode 23-Islamic Fintech: Navigating the Landscape and Challenges (00:00:00)

2. Monologue intro (00:00:57)

3. Beginning of discussion (00:01:52)

4. Abdul Haseeb's background (00:02:37)

5. Growing up in Saudi Arabia (00:06:30)

6. First hearing about Islamic finance (00:08:27)

7. What is fintech? (00:12:07)

8. What is Islamic fintech? (00:19:18)

9. Challenging the incumbents? (00:24:40)

10. Succesful Islamic fintechs (00:27:34)

11. More hype than substance? (00:29:50)

12. UK Islamic finance landscape (00:32:52)

13. Gaps in offerings (00:36:55)

14. Global ecosystem in 2024 and 2025 (00:42:19)

15. Getting big VCs into Islamic fintech (00:45:03)

16. Upcoming projects (00:47:07)

17. Social media accounts (00:48:32)