Islamic finance players should take charge of digital economy, says Bank Islam CEO | Malay Mail

Wednesday, 10 Mar 2021 08:15 PM MYT

Noting that the current Covid-19 pandemic had accelerated digital shifts, he urged industry players to play a significant role in and take charge of the digital economy. Mohd Muazzam said Bank Islam, being the first Islamic bank in the country, had taken charge to establish the Centre of Digital Experience and was now working to lay a foundation to set up a sub-brand digital banking window to help harness the growing digital economy. “Our digital bank window will then feed, not replicate, what Bank Islam is doing. it will provide a platform-based solutions so that more people can have Shariah-compliant products,” he added.

Shariah-compliant mobile application HelloGold’s CEO and co-founder Robin Lee said the move to digitalise the Islamic finance industry would benefit the end-users and financial technology players like the company.

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