A recent report underscores the remarkable growth trajectory of Qatar's Islamic fintech market. It reveals that the country hosts 24 of the global 417 identified Islamic fintech firms, ranking sixth globally. Moreover, the GIFT index positions Qatar as the eighth most conducive ecosystem for Islamic fintech, demonstrating the nation's commitment to fostering innovation and industry development. #qatar #doha #didyouknow #facts #development #fintech #market
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Qatar's Islamic Fintech market is poised for significant growth, projected to reach $4bn by 2027, as highlighted in the Global Islamic Fintech (GIFT) Report 2023/24. This annual sector report offers a comprehensive overview of the Islamic fintech landscape, including market sizing across OIC countries, a GIFT Index evaluating conducive environments for Islamic fintech activity in 64 nations, insights from industry practitioners via an industry survey, and the most extensive database of Islamic fintechs globally. #fintech #cxda #sme #finanace
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The Arab Monetary Fund (AMF) and Bahrain FinTech Bay (BFB) have signed a memorandum of understanding (MoU) on the sidelines of Dubai Fintech Summit and the AMF Fintech events in Dubai. Under the deal, the two institutions establish a comprehensive framework for collaboration, spanning various critical areas, and how best to leverage their respective comparative advantages to address their shared vision towards building a robust and agile fintech ecosystem and making digital financial services work for financial inclusion and stability across the Arab region.
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The Arab Monetary Fund (AMF) and Bahrain FinTech Bay (BFB) have signed a memorandum of understanding (MoU) on the sidelines of Dubai Fintech Summit and the AMF Fintech events in Dubai. Under the deal, the two institutions establish a comprehensive framework for collaboration, spanning various critical areas, and how best to leverage their respective comparative advantages to address their shared vision towards building a robust and agile fintech ecosystem and making digital financial services work for financial inclusion and stability across the Arab region.
AMF signs deal with BFB
gdnonline.com
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The Global Islamic FinTech Summit Forum 2024 is set to shape the future of Islamic finance, with a strong emphasis on digital transformation, Sharia-compliant fintech solutions, and innovative financial products tailored for the global market. In a city like Dubai, where the convergence of technology and Islamic finance is booming, this forum stands as a critical opportunity to unlock the potential of fintech in the Islamic world. We are proud to be part of the conversation around how fintech can create new avenues for Sharia-compliant investments, foster inclusive economic growth, and lead the way in digital finance innovation. 🚀 As GoldenGatePR, we’re excited to engage with industry leaders, help navigate this evolving landscape and continue to contribute to the development of strategic communication in the Islamic finance sector. #GoldenGatePR #IslamicFintech #ShariaCompliance #DubaiInnovation #FutureOfFinance #FintechRevolution #BlockchainInIslamicFinance #DigitalFinance
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24 Fintech #InTheNews: "Inaugural 24 Fintech edition to host global finance industry leaders. 24 Fintech is closely aligned with Saudi Arabia’s Vision 2030 which positions the industry as a crucial element in achieving economic transformation"
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I had the pleasure of meeting Suresh Dadlani & Yaamnaa Khan in Cairo this week, discussing business and the future of fintech in Egypt & the Middle East! Looking forward to concluding our discussions in Dubai soon 🌟 #epayment #fintech
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Don’t miss out on #FintechSaudi Hourly Workshops to get an overview of the Saudi Fintech Ecosystem. Book your day and visit us at #24Fintech! https://shorturl.at/keNyw
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🌍💡 The 2024 MEA Fintech Report showcases a rapidly evolving landscape where innovation is driving economic development. With fintech hubs from the UAE and Saudi Arabia to Nigeria and Egypt, the region is transforming financial services, embracing real-time payments, super apps, and even exploring the metaverse. 🚀 Key highlights include: ⭕Real-Time Payment Systems: Instant payments like Saudi SARIE and Qatar's new system reshape transactions. ⭕Rise of Super Apps: Platforms integrating payments, banking, and lifestyle services enhance convenience and engagement. ⭕Digital Identity Systems: As in the UAE, efficient ID systems are pivotal for customer service and financial security. ⭕Sustainable Finance Focus: With COP28's emphasis on green initiatives, financial institutions are urged to transition to sustainability. ⭕AI and Regulation: AI is a game-changer, but establishing responsible frameworks is crucial. The MEA fintech scene remains a frontier for groundbreaking opportunities and challenges, setting the stage for future innovations that could redefine global financial practices. #Fintech #MiddleEast #Africa #EconomicDevelopment #Payments #Sustainability #AI #DigitalTransformation #SuperApps #Metaverse #TechInnovation #FinancialInclusion #FintechTrends #DigitalEconomy #EmergingMarkets #FinancialTechnology #SmartFinance #GlobalInnovation #TechEcosystem #VCInvestment #Startups #DigitalFinance #EconomicGrowth #RegTech #InsurTech #WealthTech #FintechCommunity #TechLeadership #Blockchain #FintechRevolution #ShariaFinance #GreenFinance #FutureOfFinance #FinancialServices #DigitalBanking #InnovationEconomy #SmartCities #VentureCapital #AIinFinance #Saudiarabia #UAE #Qatar #GCC
The Fintech Times FINTECH Middle East & Africa 2024
https://issuu.com
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The wide-ranging achievements in fintech, capital markets and insurance under the Financial Sector Development Program in 2023 are a testament to the Kingdom’s continuous efforts under #SaudiVision2030 to unlock the true potential of the Kingdom’s evolving economy in all sectors. #SaudiArabia #AnnualReport https://lnkd.in/dEXzwuJm
vision2030.gov.sa
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The latest installment of my 7-part series on the Saudi fintech ecosystem... In this note we consider Tabby & Tamara - two buy-now-pay-later unicorns, both of which are based in Saudi. We take a look at the primary institutions (i.e., SAMA, CMA, MoC, etc.) that are propelling growth in the Saudi fintech sector.
In 2023, Saudi Arabia saw the rise of two fintech unicorns, Tabby and Tamara, highlighting the rapid growth of its fintech ecosystem. Our latest article, the second installment in our series on Saudi Fintech, explores their success, the strategic factors driving fintech innovation in the Kingdom, and the comprehensive framework supporting this transformation. Discover the key players, strategic initiatives, and milestones shaping the future of fintech in Saudi Arabia. #Fintech #SaudiArabia #Innovation #TechUnicorns #Vision2030 #KSA #DigitalTransformation #BLKPartners https://lnkd.in/gGVe82gJ
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