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FinTech in Islamic Financial Institutions : Scope, Challenges, and Implications in Islamic Finance by M. Kabir Hassan (editor), Mustafa Raza Rabbani (editor), Mamunur Rashid (editor) is a nonfiction available to read on EtoBox.

What is FinTech in Islamic Financial Institutions : Scope, Challenges, and Implications in Islamic Finance about?

https://link.springer.com/book/10.1007/978-3-031-14941-2 This book explores several challenges facing FinTech in Islamic financial institutions. Firstly, large banks and financial institutions in countries with updated and innovative technological channels will earn the technology arbitrage from FinTech. This ‘size’ puzzle may create a challenge for Islamic financial institutions that are of smaller size and from technologically less-developed countries. Secondly, while access to FinTech is getting broader day by day, usage of FinTech is still limited due to personal and governance-related limitations. Moreover, the level of awareness of the emerging FinTech services (i.e., bitcoin, blockchain, etc.) remains extremely poor even among the residents of technologically-advanced countries. Thirdly, use of FinTech by Islamic financial institutions is limited to Islamic banking, to users from developed countries, among young customers, and for a limited number of traditional banking services such as the deposits and payment services. Also, banks hope to use FinTech to increase the size of a new breed of technology-savvy depositors and loan customers to achieve economies of scale, which m

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Author

M. Kabir Hassan (editor), Mustafa Raza Rabbani (editor), Mamunur Rashid (editor)

Publisher

Palgrave Macmillan

Published

2022

Language

EN

ISBN

9783031149412

Category

nonfiction

Subjects

Finance, Islam, Economics

Updated

2026-03-24