DIFC joins Luxembourg Islamic finance talks

Dubai—A delegation from Dubai International Financial Centre (DIFC) has participated in the UAE-Luxembourg Council for Cooperation and Development of Islamic Banking and Finance. Aiming to strengthen DIFC’s long-standing partnership with Luxembourg, the visit included engagements with industry experts to share insights on the sophistication and future of Islamic finance and the impact of FinTech.
FinTech has grown exponentially since 2011. In 2015, the FinTech industry saw a $16.5 billion (Dh60.5 billion) of funding with a 22.2 per cent year on year funding growth.—WAM

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