Ep.7 - How ALAMI is reshaping the US$2 trillion global Islamic finance game with new tech
Episode description
Today, we go into our 7th episode and explore the world of Islamic finance in Southeast Asia. Joining us today is Dima Djani, co-founder and CEO of ALAMI, one of the world's leading sharia-compliant SME lending platforms.
Today’s global Islamic banking sector is worth close to US$2 trillion and growing at a CAGR of 14%. Islamic banking has a 6% share in global banking assets. Meanwhile, Indonesia’s Islamic finance market share is set to cross the 10% threshold. For ALAMI, this offers a large and fast-growing market opportunity.
Operating in the world’s largest Muslim-majority country, the startup is facing off against financial giants. To date, it has disbursed over US$200 million to more than 10,000 MSME projects, with an impressive 0% default rate across the board.