Once considered niche, Islamic finance is one of the fastest-growing segments in the global financial system today.

This is the Disruption Diaries, Mambu’s research series seeking to understand what people think of the key trends driving the development of financial services. In our third edition, we conducted a global survey of 2,000 members of the younger Muslim community (Gen Z and millennials) to understand what Islamic finance means to them, as well as their expectations of this sector.

According to a new report, social responsibility and ethical practices among top priorities for next generation of Islamic banking customers but a lack of digital services is holding the industry back.