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Emergence of Shariah-Tech and Its Landscape

  • Nafis Alam
  • Lokesh Gupta
  • Abdolhossein Zameni
Chapter

Abstract

Fintech has changed the landscape of financial products and services in the twenty-first century for conventional and Islamic banking offerings. “Islamic fintech” is a new buzzword; and there has been a curiosity to understand what it is all about and does the fintech require to be categorized when it is Shariah neutral (not violating any Shariah rules). The application of fintech in Islamic finance or commonly known as Islamic fintech is following the footprints of Islamic finance, that is, to promote ethical responsible finance and social economic development of the society with the use of digital payments and mobile wallets. This chapter discusses the emergence of fintech innovation in the Islamic finance landscape.

References

  1. Arner, D. W., Barberis, J., & Buckley, R. P. (2017, July). FinTech and RegTech in a Nutshell, and the Future in a Sandbox. Available at: https://www.cfainstitute.org/en/research/foundation/2017/fintech-and-regtech-in-a-nutshell-and-the-future-in-a-sandbox?s_cid=ppc_RF_Google_Search_FinTechandRegTech
  2. Ashar, N. (2019, January 8). Islamic Fintech Gains Momentum. Available at: https://infocus.wief.org/islamicfinancegainsmomentum/
  3. Dinar Standard. (2019). Islamic Fintech Report 2018: A Preview Current Landscape & Path Forward(Rep.). Available at: https://www.dinarstandard.com/wp-content/uploads/2018/12/Islamic-Fintech-Report-2018.pdf
  4. Hasan, S. (2018, June 19). Islamic Fintech in Simple Terms. Available at: https://www.ethiscrowd.com/blog/understand-islamic-fintech-simple-terms/

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Nafis Alam
    • 1
  • Lokesh Gupta
    • 2
  • Abdolhossein Zameni
    • 1
  1. 1.Henley Business SchoolUniversity of Reading MalaysiaIskandar PuteriMalaysia
  2. 2.RM ApplicationsKuala LumpurMalaysia

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