Australia's Islamic finance sector; Islamic fintech growth

Author

Salaam Gateway
August 06, 2024

Sponsored by

Pulse of the Global Islamic Economy

2 Safar, 1446 AH

Asalam u alaikum,

Australia's financial ecosystem is robust, but its Islamic finance space is struggling to gain ground. Read our main story in this newsletter to find out why.  

Meanwhile, fintechs dominated the Top 30 Digital Islamic Economy Startups list revealed by SalaamGateway last month. No surprises there. 

Also, the Gaza crisis and the ongoing geopolitical situation continue to impact brands as companies began reporting results. 

Editor's pick:

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A handful of financial institutions do offer Shariah-compliant products across the country

Recommended reads:

The list features 30 digital-first consumer-facing startups that serve an Islamic values-based lifestyle market

Halal remains in the spotlight as airlines look to gain from the Muslim traveller segment

Did you know?

The impact of AI on the Middle East is expected to be US$320 billion in 2030, or around 2% of the total global benefits of AI, with the UAE and Saudi Arabia being the largest beneficiaries.

Infographics:

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