Not all core banking systems are created equal. This is especially true for Islamic finance, which is built specifically for Shariah compliance and lacks the depth and breadth of a conventional banking system. As a result, Islamic banking systems are often outdated and limited, while traditional banking systems get more attention and innovation.
Despite the current economic climate, demand on Sharia-compliant financing is set to outpace conventional funding in 2023. But what are the longer term prospects for the industry? What are the requirements for ensuring a stable Islamic finance sector that drives effective expansion and growth?
Guest speakers:
- Tim Tyler, Head of Strategic Advisory, Finastra
- Daud Vicary Abdullah CPIF, FCPA Managing Director, DVA Consulting Sdn. Bhd
- Samir Safa, Global Industry Lead, Finastra
- Dr. Jamil Jaroudi, former CEO of Bank Nizwa, Elaf Bank, and Shamil Bank