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Home>Global Islamic Banking Software Market 2017-2021: Key Vendors are ITS, Oracle, Path Solutions & Temenos - Research and Markets

Global Islamic Banking Software Market 2017-2021: Key Vendors are ITS, Oracle, Path Solutions & Temenos - Research and Markets

Global Islamic Banking Software Market 2017-2021: Key Vendors are ITS, Oracle, Path Solutions & Temenos - Research and Markets

09/29/2017

Global Islamic Banking Software Market 2017-2021: Key Vendors are ITS, Oracle, Path Solutions & Temenos - Research and Markets

The "Global Islamic Banking Software Market 2017-2021" report has been added to Research and Markets' offering.

The global islamic banking software market is forecast to grow at a CAGR of 12.6% during the period 2017-2021.

The report, Global Islamic Banking Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is the adoption of blockchain technology. Blockchain technology is enabled using digital transformation. The digital transformation of the industry verticals such as BFSI and manufacturing sector is driving the blockchain technology market.

According to the report, one driver in the market is the increasing Sukuk issuance. Sukuk commonly refers to the Islamic equivalent of bonds. However, as opposed to conventional bonds, which merely confer ownership of the debt, Sukuk grants the investor a share of an asset along with the commensurate cash flows and risks. Sukuk securities adhere to Islamic laws, sometimes referred to as Shariah principles, which prohibit the charging or payment of interest. The Sukuk growth rate is currently 10%-15% in the global financial markets. With the increasing number of Sukuk issuance, it is difficult for banks and financial organizations to monitor and manage them.

Key vendors

  • ITS
  • Oracle
  • Path Solutions
  • Temenos

Other prominent vendors

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