The APAC Digital Islamic Banking Report delves into the Islamic financial ecosystem which has experienced substantial growth over the last couple of years, owing to the growing population of younger Muslim customers in the region. Traditional Islamic banks are on the verge of losing a significant market share to digital-first offerings like neobanks and challenger banks, which have shown great potential to replace generational loyalty with customer-centric experiences. 

However, by embracing digital transformation, traditional Islamic banks can extend their product offering using financial technology to tap into the 1.9 billion Muslims around the world who are hungry for innovative Islamic financial products and services. 

Our latest whitepaper, “The APAC Digital Islamic Banking Report”, touches on some differences between Islamic and conventional banking, delves deep into recent trends in the Islamic banking market with a focus on Malaysia and Indonesia, features case studies of leading financial institutions that have digitized and the benefits they’ve realized, discusses various implementation strategies, and culminates with insights into the future of Islamic banking.