
“The Islamic banking industry is only around 40 years old and has already proven to be tremendously successful—a showcase for the ethical banking opportunity. But with younger generations set to account for three quarters of all Islamic banking revenue by 2023, the industry must listen to the demands of these digital natives, both in the Middle East and beyond, if it wants to stay ahead of the curve.”
-Miljan Stamenkovic, general manager of the Middle East and North Africa region for Mambu (a cloud-banking platform serving Islamic banks and lenders) discussing the growth of Islamic banking. [International Banker]