Journey to a new dawn - Islamic Finance: History, challenges and opportunities
Islamic finance has a rich history that spans over 1400 years. While the sector is modernizing and projected to grow by 10% for 2023-2024, it still faces challenges that IFSIs need to address through innovative and collaborative approaches.
![Cover image for "Journey to a new dawn - Islamic Finance: History, challenges and opportunities" webinar](/sites/default/files/styles/small_hq/public/image/2023-10/webinar-journey-new-dawn-islamic-finance-history-challenges-and-opportunities.jpg?itok=V89lrlPQ)
Default Finastra
Watch Dr. Jamil Jaroudi, Samir Safa and Tim Tyler for this Fintech Fika as they discuss a host of topics including:
- Limited awareness and knowledge of Islamic finance products and services
- Need for more regulatory clarity and harmonization
- Shortage of Shariah-compliant monetary policy instruments
- Weak liquidity management putting IFIs at a disadvantage to conventional banks
- Heavy dependence on conventional banks by mocking up conventional products and services due to lack of expertise and innovation among IFSI practitioners
- Inefficient operations with high cost-to-income ratio
Speakers
![Jamil Jaroudi](/sites/default/files/styles/x_small_hq/public/image/2023-10/person-jamil-jaroudi-320x320.jpg?itok=wrACGQ6N)
Jamil
Jaroudi
Islamic Finance Expert
![Samir Safa](/sites/default/files/styles/x_small_hq/public/image/2023-10/person-samir-safa-320x320.jpg?itok=am7Pz4Sq)
Samir
Safa
Global Industry Lead
Finastra
![Tim Tyler](/sites/default/files/styles/x_small_hq/public/image/2021-12/Tim-Tyler.jpg?itok=H5T9hgA5)
Tim
Tyler
Head of Strategic Advisory
Finastra