White Paper

Unleashing potential in Islamic banking

The Islamic Financial Services Industry, IFSI, was worth an estimated US $3.1 trillion in 2021, and it recorded a 11.3% year-on-year growth rate.

As we can see there is a tremendous growth opportunity in the industry.

The IFSI has considerable advantages including a renowned business model, esteemed reputation and well-established position in the market. The result is that there is a tremendous opportunity for IFIs to tap into.

The key question is how to take advantage of this opportunity.

Image of laptop with cover slide for "Unleashing potential in Islamic banking" white paper

Default Finastra

For banks operating conventional and Islamic banking businesses – as standalone entities or via Islamic windows – the traditional practice has been to deploy separate core banking systems. Regardless of whether they chose modified or pure-play systems, the implementation of two systems creates its own set of challenges. What is the solution? The answer is simple – deploying the right banking platform. To do this a deep understanding of banking – both Islamic and conventional is required. Read our whitepaper to learn more.

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