Going Beyond The Halal Factor

Despite being one of the fastest growing banking sectors, Islamic finance is still relatively small compared to the global industry, and the sector has seen a decrease in its growth rate since 2014. What happened? We ask CIMB Islamic's CEO, Rafe Haneef this. Rafe also shares his insights on the evolution of Islamic banking and how VBI (Value-Based Intermediation) will change the state of play for the industry moving forward. VBI is a business strategy by Islamic financial institutions to create value and make an impact through their activities on the real economy, community and environment. What would this mean to the average consumer when VBI kicks in? We also discuss if Islamic banks are moving fast enough into the fintech world. The fast changing business landscape that has disrupted the finance world has impacted conventional banks and Islamic banking is not spared from the disruption. What is CIMB Islamic doing to stay relevant? Rafe shares his strategies with us. We also discuss CIMB Islamic’s performance in the midst of the fast changing landscape. Listen in.See omnystudio.com/listener for privacy information.