Extending the reach of Islamic Finance via Digital Channels

PowerPoint Presentation

DID YOU KNOW?The volume of data processed in 2014 was approximately 6 zettabytes*. 6 zettabytes? :6,000,000,000,000,000,000,000 bytes.

*Source: IDCHow much data is that?

3.2bOnline Users44% of world population*Mobile Subscriptions96% of world population*

47bE-Commerce & Mobiletransactions & payments2011-2015**

4.9bConnected thingsUp 30% vs 2014***25bby 2020Source: *International Telecommunications Union **Capegemini ***Gartner Inc.

LARGEST ISLAMIC BANKBY ASSETin assets

INDUSTRIAL & COMMERCIALBANK OF CHINA (ICBC)USD3.6 TRILLION

AL RAJHI BANKUSD82bin assetsWORLDS LARGEST BANKBY ASSET

90,000CONVENTIONALBANK BRANCHES Were dwarfed by comparison

SO HOW CAN ISLAMIC BANKS STAY COMPETITIVE? :

Stats dont lie. The opportunity is evident.

BANGLADESHBanking penetration: 31%Mobile penetration:68%INDONESIABanking penetration: