[Report] Islamic Finance: How demand for Sharia-compliant products is creating huge opportunities for fintech

Fully understand Islamic finance with this report.

How demand for Sharia-compliant products is creating huge opportunities for fintech... ACCESS FULL REPORT For many Muslims, their religious practice means they can't use conventional finance products and must instead use Sharia-compliant alternatives. Demand for these products is increasing across the globe, but legacy providers have failed to keep up. At the same time, advances in technology have made it cheaper and easier to create Sharia-compliant products. That's creating a huge opportunity for fintech. This report highlights some of the key concepts in Islamic finance, explains Sharia-compliant financial instruments in use, and explores how and why these options are struggling to meet demand. It explains the drivers behind increasing demand for newer products, as well as wider trends enabling the fintech opportunity. Finally, it presents case studies that illustrate the ways fintech is already being used to service the global Islamic finance industry, and outlines the hurdles fintechs face in making the most of the opportunity. Among the big picture insights you'll get from this report, titled The Islamic Finance Report: How Demand for Sharia-Compliant Products is Creating Huge Opportunities for Fintech: ACCESS FULL REPORT Sharia-compliant financial products are approved by Islamic scholars and meet certain requirements like not offering interest or involving any risk. But the legacy Islamic finance industry hasn't kept up with increasing demand for these products from new demographics and for more modern versions. That, along with broader technical changes, is creating a huge opportunity for fintech. Some fintech concepts such as P2P lending and robo-advice are well suited to the Islamic market, while the agility of others means they can quickly adapt their services to achieve Sharia compliance. There are still significant hurdles for fintechs to overcome, particularly in the form of education, marketing, and achieving Sharia certification. Fintechs that partner with a legacy Islamic finance institution will find it easier to overcome these hurdles and achieve success. The biggest opportunity for fintechs in the Islamic finance market for now is in developed countries where awareness of conventional fintech products is high. In particular, fintechs should look to states with active governmental support for the fintech industry. This exclusive report also: Highlights the key concepts of Islamic finance and outlines some Sharia-compliant products currently in use. Explains the factors that are driving demand for Sharia-compliant products. Details the opportunities and hurdles for fintech in the Islamic finance market. Explores some case studies where fintech is already being used to deliver Sharia-compliant products. And much more. The Islamic Finance Report is how you get the full story. ACCESS FULL REPORT To get your copy of this invaluable guide to the payments industry, choose one of these options: Bundle and save 91% today when you purchase the Ultimate Fintech and Payments Reports Bundle. You will gain immediate access to this report and 38 others on some of the most important topics impacting the financial technology space. >> BUY THE BUNDLE AND SAVE 91% Purchase the report and download it immediately from our research store. >> BUY THE REPORT The choice is yours. But however you decide to acquire this report, you've given yourself a powerful advantage in your understanding Islamic finance. Copyright © 2016 Business Insider, Inc. All rights reserved. Email sent to:   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Ave, New York, NY 10011