Compass Plus Technologies, a global provider of payment and banking solutions, has launched a new guide aimed at dispelling common myths surrounding Islamic banking, and encouraging conventional banks to see it as an ethical, scalable growth opportunity.
‘The Ultimate Guide to Islamic Banking’ reveals how banks don’t need to launch a full Islamic institution or undertake massive infrastructure change to enter this fast-growing market. Instead, a single Shari’ah-compliant product can be enough to unlock new revenue streams, support ESG goals and connect with underserved or values-driven customer segments.
As demand rises for transparent, socially responsible finance, especially among millennials and Gen Z, more banks are exploring how Islamic banking principles such as shared risk, ethical investment and financial inclusion can serve broader audiences beyond Muslim-majority populations.
Yet, for many institutions, myths around complexity, cost and unfamiliarity remain barriers to entry.
The guide from Compass Plus Technologies sets the record straight, explaining how today’s modular platforms make it easy for banks to integrate Shari’ah-compliant products into existing systems. It also breaks down the massive market potential: with over 800 million Muslims still unbanked and Islamic banking assets projected to exceed $6.7trillion by 2027, the growth opportunity is clear.
The guide is available now for download on the Compass Plus Technologies website.
