Islamic FinTech is expected to grow swiftly in the future.
A report on Islamic FinTech in 2022 shows that its global value was $79 billion in 2021, making 0.8 percent of the world FinTech market.
Innovations in Islamic World Archives - Tolou International Institute
DeFi Platform Marhaba Taps $3 Trillion Islamic Finance Sector With Halal-Compliant NFTs
Marhaba’s SouqNFT matketplace is hosting halal compliance certifications on NFTs. NFTs are submitted to a governance board which checks for conformity with halal ethical practices. Shariah compliance is an important regulatory requirement in Muslim markets, but the legitimacy of crypto remains controversial.
