Islamic finance arriving in the widening digital world

The recently released report “State of the Global Islamic Economy” commissioned by Dubai Islamic Economy Development Center and produced by business intelligence provider Thomson Reuters is highlighting a lot of new trends in the Islamic economy. However, and most importantly, the report points out that the Islamic economy is embracing the digital age which it sees as a “new frontier” in the Muslim world. The digital age will also bring Islamic finance a big step forward, another recent report, “The Digital Islamic Services Landscape“ authored by consultancy Deloitte and sponsored by Kuwait-based Noor Telecom, points out, highlighting the huge untapped potential of the digital Islamic services market.