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Economy

Asia ripe for Islamic finance as fintech comes to the fore

IFSB head sees capacity building and international standards required

Zahid ur Rehman Khokher, acting secretary-general of the Islamic Financial Services Board

KUALA LUMPUR -- The potential for growth of Islamic finance in the Asian market is much bigger than might be expected, said Zahid ur Rehman Khokher, acting secretary-general of the Islamic Financial Services Board, in a recent interview with the Nikkei Asian Review.

Speaking at the organization's headquarters in Kuala Lumpur, he also discussed the developing role of fintech within the sector, and the IFSB's role in setting standards for the application of information technology in Islamic finance.

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