AP: Australian Muslims Broadly Underserved by Traditional Financial Product Providers
07 Jul 2022 apnews.com
MELBOURNE, Australia, July 07, 2022 (GLOBE NEWSWIRE) -- According to halal finance experts, Hejaz Financial Services, technology has the potential to contribute effectively towards financial inclusion, ensuring those who are excluded from traditional financial services due to their faith have access to a wide range of financial products in line with their values.
Fintech adoption rates have been consistently high in advanced markets and now Islamic fintech is evolving, with the ability to empower a new generation of customers. Hejaz Financial Services explains that Islamic finance is a booming segment of global finance, catering to both Muslims and a wider ethical finance audience of non-Muslims.