Islamic Finance

TIMELINE-What happened in Islamic fintech in 2017?

TIMELINE-What happened in Islamic fintech in 2017?

There was a surge of Islamic fintech activity in 2017, from a bona fide blockchain and cryptocurrency boom to peer-to-peer lending and regulatory shifts. Our timeline details some of the sector's key milestones, from Dubai's and the UK's first regulated Shariah-compliant fintech platforms to investment rounds, regulatory developments, and the most recent related update from the UAE central bank that it and Saudi Arabia's authorities are developing a digital currency based on the blockchain. 

For a review of Islamic fintech in 2017, read our story: What 2017 meant for Islamic fintech

For a forward-looking assessment of the future of Islamic fintech, watch the video presentation by Umar Munshi, founder and CEO of pioneering Islamic crowdfunder EthisCrowd: VIDEO-What is the future of Islamic fintech?

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Leighton Cosseboom and Emmy Abdul Alim