Track Theme: “Fintech for Islamic finance; the innovation, Disruption and Transformation of the Islamic banking and Finance industry”
With Islamic finance Playing an increasingly significant role in today’s global business environment, and the rapid changes facing the banking and finance industry in general, comes the Islamic banking and finance track within Innovation Arabia11 and its theme “Fintech for Islamic finance; The innovation, Disruption and Transformation of the Islamic banking and Finance industry” .
Islamic finance has been gaining momentum on a global scale, and has been offering profitable opportunities for institutions and individual investors of all scales. Islamic finance services are now being offered by more than 1000 institutions in 75 countries. The size of the Islamic Financial industry is estimated at US$2.293 trillion at the end of 2016, and is expected to reach US$ 4 trillion by 2020. Islamic finance now represents an important system offering viable innovative alternative models for investment and growth to the conventional financial system which is under significant strain owing to the recent financial crisis.
While the prospects for growth look good, there is still much work to be done The Islamic Banking and Finance Track will provide a platform for dialogue and discussions between key policymakers, financial sector practitioners, economists, and academics to address the important issues facing this sector. The track will provide an opportunity for participants to exchange research knowledge and practice, and to share developments in the theory and applications of Islamic Banking and finance.