Rachel Pandyan is joined by some great guests to discuss how how Islamic financing works, what Western banks can learn from Shari’ah compliant services and the challenges of launching and scaling Islamic financial services in Western or non-Muslim countries.
Since the turn of the century, Muslim populations across Europe and North America have increased massively, with 44 million in the former, and over 5 million across the US and Canada.
As the needs of the population become more diverse, how does the financial ecosystem scale to meet those needs and what role can fintech play to fill the gaps where the incumbents are not supporting those needs?
This week's guests include:
- Abdul Haseeb Basit - Co-Founder and Principal at Elipses, CFO at GDF and Partner at the Islamic Fintech Fund
- Dr. Mohamad Sawwaf, Co-Founder & CEO at Manzil
- Umer Suleman, Chief Risk Officer at Wahed
Highlights from this episode:
- Definitions of islamic finance
- The opportunity space to serve the Muslim population in Western markets
- The impact Islamophobia has on Islamic Finance and Muslim customers
- The role fintechs can play in providing solutions
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Fintech Insider by 11:FS is a bi-weekly podcast dedicated to all things finance, banking, technology, and financial services.
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