Zakat management; Shariah-compliant digital wallets

Author

Salaam Gateway
March 17, 2025

Pulse of the Global Islamic Economy

Ramadan 17, 1446 AH

Asalam U Alaikum,

Ramadan Mubarak to you and your families. We wish you a month full of peace and blessings. 

The holy month of Ramadan is a time of prayer and connection. But it is also one of largesse. With two billion Muslims around the world, there is no dearth of charity to be disbursed, but the real value lies in its effective management. How can we streamline the Zakat collection and distribution process for greater impact?

Continuing in that vein, Shariah-compliant digital wallets are emerging as viable tools for facilitating donations that are in lockstep with Islamic principles. 

Lastly, the world convened for the 30th edition of the Gulfood event in Dubai last month, celebrating innovation and partnerships. Read our story to find out more.

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Did you know?

Saudi Arabia, Iran, Malaysia, the UAE, Indonesia and Türkiye are the top 6 markets by transaction volume and assets under management for Islamic fintech.

Global Islamic Fintech Report 2024/25:

The Global Islamic Fintech Report 2024/25, offering insights into the Islamic fintech landscape, is now out. Click here to download a free copy. 

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