Fintech and Islamic finance: digitalization, development and disruption

Nafis Alam, Lokesh Gupta, Abdolhossein Zameni

Research output: Book/ReportBookOtherpeer-review

60 Citations (Scopus)

Abstract

Financial Technology (Fintech) has revolutionized the financial world as one of the fastest-growing segments in both the technology and financial sectors. With the usage of underlying principles of Blockchain technology, Fintech is bringing the financial community together and making financial services accessible to everyone. Fintech has far-reaching implications for Islamic finance such as banking, investment, insurance (takaful) and wealth management, which are benefitting from this usage. This book provides a comprehensive review of how Fintech is shaping the Islamic finance industry through three key aspects: Digitalization, Development and Disruption. The book will provide insight on the Shariahtech (Fintech in line with Shariah principle) and its application in the Islamic finance industry. The book also gives an overview of Blockchain and Fintech evolution and how they act as the building blocks of the digital financial landscape. Readers of the book will also get a detailed discernment on the Islamic viewpoint on cryptocurrency as well as the application of the smart contract in different Islamic financial services. The book provides students, academics and researchers with a detailed description of the Blockchain and Fintech application in Islamic finance.

Original languageEnglish
Place of PublicationCham Switzerland
PublisherPalgrave Macmillan
Number of pages178
Edition1st
ISBN (Electronic)9783030246662
ISBN (Print)9783030246655
DOIs
Publication statusPublished - 2019
Externally publishedYes

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