Enhancing Islamicity with Fintech: Case of the Investment Account Platform (IAP) – I

The purpose of an Islamic financial system is to mobilize funds from savings-surplus units and allocate the same among savings-deficit units in the economy and to do this in accordance with the goals of the Shariah. Taking the Malaysian example, one may observe that the contracts/products involved in the process have changed over time. From…

A Visit to an Islamic Fintech Venture Builder

It was the last day of a training program I participated in Istanbul recently. Among the many site visits scheduled that day, the one that left a lasting impression on me was the visit to the headquarters of the alBaraka Turk Participation Bank at Istanbul. Sitting inside the premises of alBaraka Garaj, it was fascinating…