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Fintech, Digitalization, and Blockchain in Islamic Finance: Retrospective Investigation

Research output: Contribution to journalReview articlepeer-review

Abstract

The increasing interest in Fintech, Blockchain, and Digitalization in Islamic Finance created a new area in the literature, requiring a systematic review of these academic publications. The scope of the analysis is limited to journal articles to understand the trends in the indexed journals. Results are categorized into three sections, Islamic banks’ digitalization, Blockchain and Crypto Assets research, and Islamic non-bank financial institutions’ digitalization. Islamic fintech has great potential mainly because of the overlapping norms of Shariah and fintech, making it easier to implement technological disruption into Islamic finance. Moreover, the trust shift to Islamic finance could be merged with the opportunities of fintech and increase the potential of Islamic fintech even more.

Original languageEnglish
Pages (from-to)388-398
Number of pages11
JournalFinTech
Volume1
Issue number4
DOIs
Publication statusPublished - Dec 2022

Keywords

  • Islamic banking
  • Islamic finance
  • banking
  • blockchain
  • digital transformation
  • digitalization
  • fintech
  • shariah

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