Islamic finance in East Africa; DAO and Islam

Author

Salaam Gateway
November 01, 2024

Pulse of the Global Islamic Economy

Rabi al-Thani 29, 1446 AH

Asalam U Alaikum,

In this newsletter, we spotlight the Islamic finance landscape across East Africa. A sizable Muslim population and economic potential across key markets are strong reasons for the Islamic finance sector to thrive. Yet regulatory challenges and limited awareness stymie its progress. On the technology front, decentralized autonomous organizations not only align with Islamic values but enhance them. 

And lastly, Indians have exercised their consumer power in response to the Gaza conflict. Read our story to find out more. 

Editor's pick:

East Africa holds immense potential for the Islamic finance sector

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Did you know?

The digital Islamic Economy was worth $266.1 billion globally in 2022, and is forecasted to reach $570.74 billion by 2029.

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