Islamic Fintech

New technologies are expected to boost the development of Islamic Finance by increasing accessibility to banking and financial services, democratizing access to investment opportunities, and facilitating asset management for Sharia-compliant businesses. This collection of essays from experts in the field explores the application of new technologies to Islamic Finance, including robo-advisory, crowdfunding, digital ledger technology, takaful, and health, and addresses the challenges posed by anti-money laundering. It is a reference for academics, legal practitioners, policymakers, entrepreneurs, and the Islamic Finance community.

Format: Paperback / softback
Length: 132 pages
Publication date: 26 September 2022
Publisher: Taylor & Francis Ltd

The implementation of new technologies is anticipated to propel the growth of Islamic Finance by enhancing accessibility to banking and financial services within Islamic communities and democratizing access to investment opportunities. Simultaneously, these technologies will expand financing avenues and facilitate asset management for Sharia-compliant businesses. This comprehensive collection of essays, curated by esteemed experts in the field, delves into some of the most pressing issues in Islamic Fintech, seamlessly blending a business perspective with legal insights.

The book serves as a focal point, emphasizing the role that Islamic Fintech can play in promoting sustainability. The social vision of welfare improvement and justice is deeply ingrained in Sharia's economic principles, rendering Islamic Finance uniquely positioned to bridge the gap between sustainability and funding. While the industry faces certain challenges, technology holds the potential to unlock Islamic Fintech's full potential. By adopting a holistic approach to Islamic Fintech, the contributing authors explore the application of new technologies to Islamic Finance, encompassing areas such as robo-advisory, crowdfunding, digital ledger technology (including its use in issuing Bitcoin and registering securities in tokenized form), and specific sectors like takaful (takaful-tech) and health (e-health). Furthermore, they examine the challenges posed by anti-money laundering (AML) in the context of Islamic Fintech.

The book strikes a harmonious balance between theoretical analysis and practical application, offering insights through case studies and firsthand experiences of leading entrepreneurs. Additionally, it provides valuable insights into legal and regulatory aspects, which are crucial in a field that is still in its nascent stage and requires support from lawmakers and regulators. As such, this book serves as a valuable reference for scholars, practitioners, and policymakers alike.

Weight: 453g
Dimension: 234 x 156 (mm)
ISBN-13: 9780367747503