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Zain Islamic Iraq urges to keep pace with advanced money technology
(Independent) .. The Deputy Director of the Bank of Zain Islamic Iraq stressed the importance of keeping pace with the developments witnessed by the financial sector with its Islamic chapter.
The Islamic finance and banking industry is one of the fastest growing banking sectors, with growth exceeding the growth rate of the traditional banking sector. The Islamic financial and banking industry is expected to develop a great deal, especially in terms of creating new products to reach a wider customer base.
"Islamic banks have an essential role to play in social development, to make a qualitative leap in the banking world and to stimulate and stimulate economies in accordance with Islamic law."
Islamic banking has made significant progress in terms of growth in the number of institutions, customers and assets since its inception
The number of institutions providing Islamic services in the world rose from 955 in 2013 to 1,113 by the end of 2014, operating in 75 countries. According to Thomson Reuters, it is divided between all Islamic institutions and traditional institutions offering Islamic financial services through Specialized windows.
According to the Global Competitiveness Report for Islamic Banks in 2016, the number of customers of Islamic banks around the world has reached 100 million. However, 75.12% of the potential customer base for Islamic finance is still untapped and the sector still has a large capacity that can accommodate more customers.
[You must be registered and logged in to see this link.]
Zain Islamic Iraq urges to keep pace with advanced money technology
(Independent) .. The Deputy Director of the Bank of Zain Islamic Iraq stressed the importance of keeping pace with the developments witnessed by the financial sector with its Islamic chapter.
The Islamic finance and banking industry is one of the fastest growing banking sectors, with growth exceeding the growth rate of the traditional banking sector. The Islamic financial and banking industry is expected to develop a great deal, especially in terms of creating new products to reach a wider customer base.
"Islamic banks have an essential role to play in social development, to make a qualitative leap in the banking world and to stimulate and stimulate economies in accordance with Islamic law."
Islamic banking has made significant progress in terms of growth in the number of institutions, customers and assets since its inception
The number of institutions providing Islamic services in the world rose from 955 in 2013 to 1,113 by the end of 2014, operating in 75 countries. According to Thomson Reuters, it is divided between all Islamic institutions and traditional institutions offering Islamic financial services through Specialized windows.
According to the Global Competitiveness Report for Islamic Banks in 2016, the number of customers of Islamic banks around the world has reached 100 million. However, 75.12% of the potential customer base for Islamic finance is still untapped and the sector still has a large capacity that can accommodate more customers.
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