Asia's Commendable, Agrressive, and Innovative Performance on the Global Scene in the Islamic Finance Sector

Sazir Nsubuga Mayanja
St Peter's University, Uganda

Tulus Tambunan
Faculty of Economics and Business, Universitas Trisakti, Jakarta, Indonesia



The Islamic financial sector of Malaysia, Indonesia, and Pakistan are notable for their innovativeness, awareness, knowledge, and performance. Together with other leaders in the sector like Saudi Arabia, Bahrain, and the UAE, the three Asian countries have heavily invested in the expansion of their fintech sectors, to achieve financial inclusion and accessibility to a fast-growing digital ecosystem. Based on secondary data and a review of key literature, this paper aims to examine the current development of Islamic financing in these three.