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.