The United Arab Emirates leads the Arab markets in the Islamic financial technology sector

Dubai, February 11, 2005 (WAM) – The United Arab Emirates topped the Arab markets in the Islamic financial technology sector.

The analysis by Edmund Christo, an economist at Bloomberg Intelligence, shows that the UAE follows both Malaysia and the UK in terms of the number of emerging Islamic financial technology companies in each market.

Bloomberg Intelligence published the analyzes in conjunction with UAE Innovation Month, and revealed that careful regulation and clarity on laws could support the expectations of small and medium-sized financial technology companies