The institution’s vice president and Board member attended a meeting on products and services permitted for followers of Islam. The assessment is that initiatives presented in the British capital could be applied in Brazil.
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The national qualifying round of the competition promoted by the DIFC, from the United Arab Emirates, will take place on December 9 in São Paulo. Registration for the cup is open until November 25.
Lawyer and consultant Caio Favaretto advocates for the adoption of a regulatory framework for Islamic finance in Brazil as a strategy to attract foreign investment from Muslim-majority countries, including funding for climate transition projects.
The Arab country hosted a discussion among representatives of the fintech industry, regulators, and sector professionals about skill development for working in the field. Bahrain aims to strengthen its position as a reference in digital financial products.
The country has invested in youth training and programs for startups. Executives encourage greater participation by women, especially in remote jobs that grew after the pandemic.
Among Saudis aged 16 to 22, only 18% use cash, according to a survey by Fintech Saudi. The usage is much higher among the older population, but the government targets the growth of digital payments.
Financial startups have grown by 50% per year in the last five years. International investors are interested in startups relevant to their home countries. The theme was discussed in the Annual Investment Meeting in Dubai.
