Introduction: FinTech and Islamic finance in the Gulf Cooperation Council (GCC)

Nafis Alam; Syed Nazim Ali

doi:10.1007/978-3-030-49248-9_1

Introduction: FinTech and Islamic finance in the Gulf Cooperation Council (GCC)

Nafis Alam, Syed Nazim Ali

Research output: Chapter in Book/Report/Conference proceeding › Chapter (Book) › Other › peer-review

3 Citations (Scopus)

Abstract

The banking and financial landscape in the last decade has been inundated with ‘technology’. Financial Technology (FinTech), Insurance Technology (InsurTech) and Regulatory Technology (RegTech) are just some of the new buzzwords. Close to 80% of Fintech investments happen in the US, while it is growing rapidly in Europe, Asia-Pacific and the rest of the world. In the Gulf Cooperation Council (GCC), Fintech development is gaining ground with the support of the regional governments in the UAE, Saudi Arabia and Bahrain. In comparison to conventional finance, Fintech’s penetration into Islamic finance institutions (IFIs) in the GCC is still in its very early stages. This chapter aims to highlight the development of Fintech in general and GCC in particular.

Original language	English
Title of host publication	Fintech, Digital Currency and the Future of Islamic Finance
Subtitle of host publication	Strategic, Regulatory and Adoption Issues in the Gulf Cooperation Council
Editors	Nafis Alam, Syed Nazim Ali
Place of Publication	Cham Switzerland
Publisher	Palgrave Macmillan
Chapter	1
Pages	1-8
Number of pages	8
Edition	1st
ISBN (Electronic)	9783030492489
ISBN (Print)	9783030492472
DOIs	https://doi.org/10.1007/978-3-030-49248-9_1
Publication status	Published - 2021
Externally published	Yes

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10.1007/978-3-030-49248-9_1

Cite this

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Introduction: FinTech and Islamic finance in the Gulf Cooperation Council (GCC). / Alam, Nafis; Ali, Syed Nazim.
Fintech, Digital Currency and the Future of Islamic Finance: Strategic, Regulatory and Adoption Issues in the Gulf Cooperation Council. ed. / Nafis Alam; Syed Nazim Ali. 1st. ed. Cham Switzerland: Palgrave Macmillan, 2021. p. 1-8.

Research output: Chapter in Book/Report/Conference proceeding › Chapter (Book) › Other › peer-review

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PY - 2021

Y1 - 2021

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AB - The banking and financial landscape in the last decade has been inundated with ‘technology’. Financial Technology (FinTech), Insurance Technology (InsurTech) and Regulatory Technology (RegTech) are just some of the new buzzwords. Close to 80% of Fintech investments happen in the US, while it is growing rapidly in Europe, Asia-Pacific and the rest of the world. In the Gulf Cooperation Council (GCC), Fintech development is gaining ground with the support of the regional governments in the UAE, Saudi Arabia and Bahrain. In comparison to conventional finance, Fintech’s penetration into Islamic finance institutions (IFIs) in the GCC is still in its very early stages. This chapter aims to highlight the development of Fintech in general and GCC in particular.

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BT - Fintech, Digital Currency and the Future of Islamic Finance

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Introduction: FinTech and Islamic finance in the Gulf Cooperation Council (GCC)

Abstract

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Research output

Fintech, Digital Currency and the Future of Islamic Finance: Strategic, Regulatory and Adoption Issues in the Gulf Cooperation Council

Cite this