UAE: While offerings of Shariah compliant crypto products are growing by the day, they seem to be struggling to keep up with demand from the world’s two billion Muslims who seek ethical, interest-free financial services, Dubai-based INPUT Communications said in a report. INPUT, which tracks the blockchain sector, said 85% of Gen Z Muslims, or the post-millennial generation comprising those born between 1995 and 2010, want Islamic banking services. It projected that the Shariah finance sector, currently valued at US$8 billion, will reach US$12.45 billion by 2028, growing at an annual rate of 11.7%.
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