Smart islamic banking
The Islamic financial sector has experienced substantial developments in the new century and has grown very rapidly both in size and number of institution. With this requirement, Islamic banking has been continuously developing new Shariah compliant products that both alter their ability to compete with conventional banks and alter their risk taking and risk mitigation profile.
This technology’s aim is to change the normal conventional banking by making it easier and simpler for everyone to perform banking activities from anywhere regardless of their social status. Blockchain is a disruptive technology that will fundamentally change banking.