IFSB Summit 2019: Technological Innovation for the Sustainable Islamic Finance Development

The first day of the 14th IFSB Summit 2019 remarked the consensus between thought leaders, market players, and regulators. This year's summit is themed "Islamic Finance for Sustainable Development for the Technological Innovation" and speakers agreed that Islamic finance can play transformative roles in the global sustainable development agenda. Furthermore, the technological development can enhance the financial inclusion in the Islamic finance development. From a regulatory point of view, speakers mentioned that regulators have to take the control over the risks arising from the technological development in sustaining the Islamic finance development with an efficient risk management.