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More than half of millennial and Gen Z Muslims would adopt Islamic banking if it were more accessible

More than half of millennial and Gen Z Muslims would adopt Islamic banking if it were more accessible

  • According to a new report by Mambu, social responsibility and ethical practices among top priorities for next generation of Islamic banking customers but a lack of digital services is holding the industry back
  • 47% of UAE respondents and 18% from Egypt said they use Islamic banking
  • 16% of UAE respondents said they are considering Islamic banking while this figure was higher in Egypt with 24% looking for options
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