IslamicFinance.de

Looking to 2016 and beyond, innovation will continue to be critical for the ongoing development of the Islamic finance industry. For instance, efficiency can still be improved as Sharia-compliant institutions still lag behind their conventional counterparts, and are increasingly looking to embrace technological innovation in order to minimise operational costs as well as project a modern face of banking that would appeal to a younger generation of customers, which will be critical for ongoing growth. Another area of development is the Islamic asset management sector, as the range of services available remains quite limited and there is a general lack of quality products in this space.