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Chapter

Islamic FinTech and the paradigm shift in the financial landscape

Chapter

Islamic FinTech and the paradigm shift in the financial landscape

DOI link for Islamic FinTech and the paradigm shift in the financial landscape

Islamic FinTech and the paradigm shift in the financial landscape book

Islamic FinTech and the paradigm shift in the financial landscape

DOI link for Islamic FinTech and the paradigm shift in the financial landscape

Islamic FinTech and the paradigm shift in the financial landscape book

ByFatima Z. Bensar, Gonzalo Rodríguez
BookIslamic Social Finance

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Edition 1st Edition
First Published 2018
Imprint Routledge
Pages 15
eBook ISBN 9781315272221

ABSTRACT

This chapter deals with the latest developments of the FinTech (Financial Technology) ecosystem within Islamic finance and with their social impact. It frames these advances in the era of the digital revolution and the paradigm shift that has experienced the financial system through FinTech. In particular, it refers to relevant experiences in the fields of Islamic crowdfunding and the sharing economy; online zakat and waqf; Islamic wealth management; and blockchain technology applications (such as smart contracts, identity authentication and cryptocurrencies). Conclusive reflections also consider the persistence of open issues in the Islamic finance market for the full realization of the potential of Islamic FinTech.

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