Technology and Innovation in Islamic Banking

A report released by the Malaysia Islamic Finance Centre (MIFC) presents an overview of Technology and Innovation in Islamic Banking. Islamic Banking is by far the largest segment of the wider Islamic finance industry, representing $1.24 Trillion of assets out of a total Islamic finance market size of $1.7 Trillion as estimated at end of 2014.

Across the global banking industry, with the Islamic banking sector closely involved, the current technology move is paving the way towards critical changes, partially from the pressures facing banks themselves, and by the opportunities generated by innovative technologies.

Report Coverage

IT spending by banks according to region

Banking Technology Drivers

The Pillars of Banking Technology Drivers

Islamic banking technology today

Islamic Banking Assets (2008-2014F)

Global Islamic Banking Assets by Country (1H14)

Global Islamic Banking Sector

Banking technology innovation to shape Islamic banking

Download Full Report: Tech Innovation Islamic Banking (1.2MB)