Malaysia’s Islamic fintech governance; Saudi quarterly deficit; British Muslims donate big

February 27, 2026

Pulse of the Global Islamic Economy

Ramadan 10, 1447 AH

Assalamualaikum,

Malaysia’s Islamic fintech landscape has been overseen by a strong regulatory and governance framework, offering a technical blueprint for other jurisdictions on how innovation can function under supervision.

Meanwhile, Saudi Arabia’s budget deficit in the fourth quarter widened to a five-year high, as softer oil prices continue to weigh on public finances.

On an altruistic note, British Muslims have contributed roughly 2.2 billion pounds in donations during 2023-24, making them one of the most active charitable communities in the UK.

Did you know?

Over the past few years, the MENA region has emerged as a central player in the global fintech market, now hosting more than 1,000 fintech companies with multiple unicorns and rising capital inflows, and together with Southeast Asia and Europe accounting for 80% of global Islamic fintech headquarters.

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