The 3rd Islamic Fintech Dialogue (IFD) focuses on the convergence of the fast-growing Islamic finance industry with the financial technology (fintech) industry. Established in 2017, IFD has become a trailblazer platform for dialogue and engagement among industry experts.
The global COVID-19 pandemic has intensified the need to adapt and accelerate the digitalisation of financial services as a survival strategy across the globe. Market players and regulators of the Islamic financial services industry must make it a top priority. Institutions that drag their feet on planning for fintech will face irrelevance or, more likely, extinction. Can the Islamic fintech industry transform this disruption into new solutions and opportunities?
Although the Islamic fintech industry is expanding, there are still gaps in the industry. In the interest of creating an Islamic fintech ecosystem, whether regional or global, these gaps must be identified. This year’s event will discuss these areas to better understand the existing ‘dots’ and how they can be better connected, leading to this year's theme: Islamic Fintech Ecosystem: Connecting the Dots. It will also explore what fundamental building blocks are still missing.
The event will feature the launch of an Islamic Fintech Report that will provide wider insight about the Islamic fintech industry. The 1st IFD set the stage with discussions on the fundamentals of fintech in Islamic finance. It highlighted developments in key fintech areas such as governance, regulations, shari'ah compliance and technology. The 2nd IFD dealt with the challenges and opportunities that fintech brings to the Islamic finance industry. It provided insight on how fintech is challenging the norm in the global financial industry and disrupting the Islamic financial system.
The 2nd IFD also hosted the event’s first pitch competition with 26 submissions from various countries, including Malaysia, Indonesia, Bahrain, Morocco, Singapore and Pakistan.
The IDF is organised by the International Shari'ah Research Academy for Islamic Finance (ISRA), which was established in 2008 by the Central Bank of Malaysia as an Islamic finance and shari'ah-related research institution.
Details:
The e-conference is held on 1 and 2 December, 2020.
Register.