Islamic Fin-Tech: Digital Financial Products

Abstract

Digital financial products refer to the financial services that are offered and delivered using Internet. Internet is one of the widely growing sectors where new services and users are introduced every day. The Internet allows tremendous savings in telecommunication costs for businesses. It also enables companies and customers to communicate with each other with greater efficiencies and improved accuracy than chapter-based systems allow. Internet is available mostly twenty-four hours a day. This makes the Internet an attractive place for businesses as they can operate long hours with relatively low running cost.