There are an estimated 1.9 billion Muslims around the world, many of whom are financially under-served. Fintech is driving change across the financial services sector and creating opportunities that meet religious, ethical and rapidly evolving digital needs far more effectively. With assets valued in excess of $2 trillion and expected to reach $3.8 trillion by 2023, Islamic Finance is a global opportunity for financial service providers – established and new.
Gen Z and millennials make up a large percentage of the customer base for Islamic banking. Mambu surveyed over 2000 younger members of the global Muslim community to find out more about their financial needs and preferences, which will be a key driver in the growth and evolution of Islamic Finance.
Download the report now for key insights into the opportunity to better serve this fast-growing generation of customers.