Digital Transformation In Islamic Finance

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Digital Transformation in Islamic Finance

Yasushi Suzuki,Mohammad Dulal Miah
Digital Transformation in Islamic Finance Book PDF

Author : Yasushi Suzuki,Mohammad Dulal Miah
Publisher : Taylor & Francis
Page : 301 pages
File Size : 42,7 Mb
Release : 2022-12-30
Category : Business & Economics
ISBN : 9781000827279

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Digital Transformation in Islamic Finance by Yasushi Suzuki,Mohammad Dulal Miah Pdf

The ongoing digital transformation is shaping the Islamic mode of financial intermediation and the impact on the faith-based financial mode has been multifaceted. This has raised a host of interesting questions: what is the degree of penetration of Islamic finance in the fintech industry? Are Islamic financial institutions (IFIs) or banks ready to embrace fintech? Is fintech an enabler or barrier to achieve the intended purpose of Islamic finance? Will technology narrow the division between Islamic and conventional finance in the future? These are existential questions for Islamic finance and the book endeavors to examine the impact of financial technology on the industry. The book assesses various fintech business models and how they could be a threat or an opportunity. It also examines whether fintech provides IFIs an edge to serve clients following the Shariah norms and how the adoption of fintech in the Islamic mode is required for meeting the maqasid Al Shariah. The book discusses applicability of fintech like blockchain, digital currency, big data, and AI to different branches of Islamic finance. This book will interest students, analysts, policymakers, and regulators who are working on Islamic finance, financial economics, Islamic economics, and development finance.

Fintech, Digital Currency and the Future of Islamic Finance

Nafis Alam,Syed Nazim Ali
Fintech Digital Currency and the Future of Islamic Finance Book PDF

Author : Nafis Alam,Syed Nazim Ali
Publisher : Springer Nature
Page : 257 pages
File Size : 40,5 Mb
Release : 2020-11-28
Category : Business & Economics
ISBN : 9783030492489

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Fintech, Digital Currency and the Future of Islamic Finance by Nafis Alam,Syed Nazim Ali Pdf

The banking and financial landscape has been inundated with technology over the last decade, with FinTech, InsurTech and RegTech being just some of the new applications within finance. In the Gulf Cooperation Council (GCC), FinTech is yet to find its feet despite several digital transformation drives initiated by the regional governments in the UAE and Bahrain. In comparison to conventional finance, the use of FinTech within Islamic financial institutions (IFIs) in GCC countries is still in its very early stages. However, the potential disruption that technology may cause for the Islamic finance sector within this region cannot be underestimated. Aiming to highlight, examine and address key strategic, operational and regulatory issues facing IFIs as they make an effort to keep up with the FinTech revolution, this book explores the market positioning, product structure and placement, delivery channels and customer requirements within the GCC market. The authors evaluate the current situation and look forward to future regulation surrounding technology and financial institutions within the GCC. Scholars and students researching Islamic finance and financial technology will find this book an insightful and valuable read, as well as those interested in international finance more generally.

Blockchain, Fintech, and Islamic Finance

Hazik Mohamed,Hassnian Ali
Blockchain Fintech and Islamic Finance Book PDF

Author : Hazik Mohamed,Hassnian Ali
Publisher : Walter de Gruyter GmbH & Co KG
Page : 278 pages
File Size : 55,7 Mb
Release : 2022-09-05
Category : Business & Economics
ISBN : 9783110745016

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Blockchain, Fintech, and Islamic Finance by Hazik Mohamed,Hassnian Ali Pdf

Following the success of the first edition that brought attention to the digital revolution in Islamic financial services, comes this revised and updated second edition of Blockchain, Fintech and Islamic Finance. The authors reiterate the potential of digital disruption to shrink the role and relevance of today’s banks, while simultaneously creating better, faster, cheaper services that will be an essential part of everyday life. Digital transformation will also offer the ability to create new ways to better comply to Islamic values in order to rebuild trust and confidence in the current financial system. In this new edition, they explore current concepts of decentralized finance (DeFi), distributed intelligence, stablecoins, and the integration of AI, blockchain, data analytics and IoT devices for a holistic solution to ensure technology adoption in a prudent and sustainable manner. The book discusses crucial innovation, structural and institutional developments for financial technologies including two fast-growing trends that merge and complement each other: tokenization, where all illiquid assets in the world, from private equity to real estate and luxury goods, become liquid and can be traded more efficiently, and second, the rise of a new tokenized economy where inevitably new rules and ways to enforce them will develop to fully unleash their capabilities. These complementary and oft-correlated trends will complete the decentralization of finance and will influence the way future financial services will be implemented. This book provides insights into the shift in processes, as well as the challenges that need to be overcome for practical applications for AI and blockchain and how to approach such innovations. It also covers new technological risks that are the consequence of utilizing frontier technologies such as AI, blockchain and IoT. Industry leaders, Islamic finance professionals, along with students and academics in the fields of Islamic finance and economics will benefit immensely from this book.

Fintech and Islamic Finance

Nafis Alam,Lokesh Gupta,Abdolhossein Zameni
Fintech and Islamic Finance Book PDF

Author : Nafis Alam,Lokesh Gupta,Abdolhossein Zameni
Publisher : Springer Nature
Page : 187 pages
File Size : 45,5 Mb
Release : 2019-10-02
Category : Business & Economics
ISBN : 9783030246662

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Fintech and Islamic Finance by Nafis Alam,Lokesh Gupta,Abdolhossein Zameni Pdf

Financial Technology (Fintech) has revolutionized the financial world as one of the fastest-growing segments in both the technology and financial sectors. With the usage of underlying principles of Blockchain technology, Fintech is bringing the financial community together and making financial services accessible to everyone. Fintech has far-reaching implications for Islamic finance such as banking, investment, insurance (takaful) and wealth management, which are benefitting from this usage. This book provides a comprehensive review of how Fintech is shaping the Islamic finance industry through three key aspects: Digitalization, Development and Disruption. The book will provide insight on the Shariahtech (Fintech in line with Shariah principle) and its application in the Islamic finance industry. The book also gives an overview of Blockchain and Fintech evolution and how they act as the building blocks of the digital financial landscape. Readers of the book will also get a detailed discernment on the Islamic viewpoint on cryptocurrency as well as the application of the smart contract in different Islamic financial services. The book provides students, academics and researchers with a detailed description of the Blockchain and Fintech application in Islamic finance.

Islamic Finance in the Modern Era

Ḥusain Muḥīuddīn Qādrī,M. Ishaq Bhatti
Islamic Finance in the Modern Era Book PDF

Author : Ḥusain Muḥīuddīn Qādrī,M. Ishaq Bhatti
Publisher : Unknown
Page : 0 pages
File Size : 41,8 Mb
Release : 2025
Category : Finance
ISBN : 1032433175

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Islamic Finance in the Modern Era by Ḥusain Muḥīuddīn Qādrī,M. Ishaq Bhatti Pdf

"This book focuses on recent developments in financial technology: specifically, how Fintech affects the Islamic finance industry. It examines the challenges of shariah compliance and explores opportunities for riba-free finance. The book describes contemporary Fintech solutions, investigating their relation to Islamic financial institutions. It outlines the current status of Islamic Fintech, arguing that it can provide Shariah-compliant innovative financial services to bridge the gap, compete with or complement conventional finance. Islamic Fintech can play a transformational role in making Islamic finance more accessible to a wide range of audiences and can also support the SME sector, which has been significantly impacted by the fallout of the COVID-19 pandemic. Firstly, the book addresses thematic issues in Islamic finance, including its role in poverty eradication, elevating SMEs and the Islamic digital economy. Secondly, it examines Shariah-compliant instruments in Islamic finance. The final part encompasses the risk profile of Islamic finance products and explores mitigation strategies. The book simultaneously presents theories, practice, and key issues, introducing new ideas and perspectives to the Islamic banking and financial community. The primary audience for the book will be researchers and scholars of Islamic economics and finance, and it will also appeal to practitioners and regulatory bodies"--

Beyond Fintech: Technology Applications For The Islamic Economy

Hazik Mohamed
Beyond Fintech Technology Applications For The Islamic Economy Book PDF

Author : Hazik Mohamed
Publisher : World Scientific
Page : 265 pages
File Size : 47,5 Mb
Release : 2020-11-25
Category : Business & Economics
ISBN : 9789811222320

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Beyond Fintech: Technology Applications For The Islamic Economy by Hazik Mohamed Pdf

Beyond Fintech: Technology Applications for the Islamic Economy is a follow-up to the first-ever Islamic Fintech book by the author (published in 2018) that provided linkages between Islamic Finance and disruptive technologies like the blockchain. In the wake of fintech as a new trend in financial markets, the ground-breaking book stressed the relevance of Islamic finance and its implications, when enabled by fintech, towards the development of the Islamic digital economy. While the earlier work discussed the crucial innovation, structural, and institutional development for financial technologies in Islamic Finance, this new research explores the multiple applications possible in the various sectors of the economy, within and beyond finance, that can be significantly transformed. These revolutionary applications involve the integration of AI, blockchain, data analytics, and Internet-of-Things (IoT) devices for a holistic solution to tackle the bottlenecks and other issues in existing processes of traditional systems. The principles of accountability, duty, justice, and transparency are the foundation of shaping the framework in achieving good governance in all institutions — public or private, Islamic or otherwise. Technologies like AI, blockchain, and IoT devices can operationalize the transparency and accountability that is required to eradicate poverty, distribute wealth, enhance micro-, small- and large-scale initiatives for social and economic development, and thus share prosperity for a moral system that enables a more secure and sustainable economy.

Impact of Financial Technology (FinTech) on Islamic Finance and Financial Stability

Naifar, Nader
Impact of Financial Technology FinTech on Islamic Finance and Financial Stability Book PDF

Author : Naifar, Nader
Publisher : IGI Global
Page : 312 pages
File Size : 52,9 Mb
Release : 2019-09-27
Category : Business & Economics
ISBN : 9781799800415

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Impact of Financial Technology (FinTech) on Islamic Finance and Financial Stability by Naifar, Nader Pdf

With advancing technologies like distributed ledgers, smart contracts, and digital payment platforms, financial services must be innovative in order to remain relevant in the modern era. The adoption of financial technology affects the whole Islamic financial industry as well as the economic stability of a globalized world. There is a need for research that seeks to understand financial technology and the regulatory technology necessary to ensure financial security and stability. Impact of Financial Technology (FinTech) on Islamic Finance and Financial Stability is an essential publication that examines both the theory and application of newly-available financial services and discusses the impact of FinTech on the Islamic financial service industry. Featuring research on topics such as cryptocurrency, peer-to-peer transferring, and digital wallets, this book is ideally designed for researchers, bank managers, economists, analysts, market professionals, managers, executives, computer scientists, business practitioners, academicians, and students seeking coverage on how the latest in artificial intelligence, machine learning, and blockchain technology will redesign Islamic finance.

Islamic Finance in the Digital Age

Syed Nazim Ali,Zul H Jumat
Islamic Finance in the Digital Age Book PDF

Author : Syed Nazim Ali,Zul H Jumat
Publisher : Unknown
Page : 0 pages
File Size : 46,6 Mb
Release : 2024-11-28
Category : Business & Economics
ISBN : 1035322943

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Islamic Finance in the Digital Age by Syed Nazim Ali,Zul H Jumat Pdf

This book investigates the integration of emerging technologies within Islamic finance, reconciling Islamic values with contemporary financial innovations and ensuring ethical integrity in the face of rapid digital transformation. Islamic Finance in the Digital Age delves into the challenges and opportunities posed by 21st century technological advancements, including decentralized finance and AI. Furthermore, it examines the theoretical foundations of Islamic finance, compliance with Shariah law, and innovative finance solutions, advocating for a maqasid-centric approach to leveraging the benefits of digitalization. Featuring insights from leading experts, the book provides a forward-thinking perspective to guide the Islamic finance industry towards a sustainable, prosperous, and ethically grounded future. This book is a crucial reference for students and scholars of financial economics and regulation, and Islamic economics and finance. It is also beneficial for practitioners and policymakers in the financial sector.

The Growth of Islamic Finance and Banking

Hussain Mohi-ud-Din Qadri,M. Ishaq Bhatti
The Growth of Islamic Finance and Banking Book PDF

Author : Hussain Mohi-ud-Din Qadri,M. Ishaq Bhatti
Publisher : Routledge
Page : 346 pages
File Size : 52,6 Mb
Release : 2019-08-23
Category : Business & Economics
ISBN : 9780429553035

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The Growth of Islamic Finance and Banking by Hussain Mohi-ud-Din Qadri,M. Ishaq Bhatti Pdf

This book covers the recent literature concerning Islamic banking and finance (IBF), focuses on the history of IBF since its inception and introduces the latest innovative concepts and practices in the field. The authors cover important topics such as the role of ownership, Shari`ah compliance and governance structures in raising debt capital using IBF practices, including Fatwa issues and the use of benchmarking practices. The book also addresses topics like archival data, the influence of leverage on ownership structure, and sukuk structures, as well as misconceptions, threats, challenges and opportunities in IBF. Finally, the book deals with prominent issues such as business score-carding, Takāful (Islamic Insurance), IBF implications for block-chain-based fintech and finance hub concepts in Islamic microfinance models. This edited volume is an important contribution to the IBF literature as it provides a much-needed in-depth look into industry practices through the perspective of corporate finance and governance. With its interdisciplinary approach covering legal and financial issues along with a wide variety of notable contributors, this book will be a valuable reference guide to both teachers and students of Islamic banking and economics.

Islamic Finance in a Nutshell

Brian Kettell
Islamic Finance in a Nutshell Book PDF

Author : Brian Kettell
Publisher : John Wiley & Sons
Page : 370 pages
File Size : 45,5 Mb
Release : 2010-05-17
Category : Business & Economics
ISBN : 9780470748619

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Islamic Finance in a Nutshell by Brian Kettell Pdf

The recent turbulence in the global financial markets has drawn attention to an alternative system of financial intermediation: Islamic banking and finance, which has so far remained on the sidelines of the unrest. Islamic Finance in a Nutshell is a quick and easy guide to understanding the fundamentals of Islamic Finance and how the Islamic Financial markets work. Designed as a quick read for practitioners needing to pick up the basics of the industry, it will enable readers to understand the differences Islamic and Western finance. Starting with the rise of Islamic finance, the book highlights the key areas which practitioners need to grasp to understand the marketplace including financial statement analysis, Sharia’a law, making money in the absence of interest and regulation. The book also provides readers with a basic guide to Arab terminology and a guide to the top financial institutions within the Islamic markets. This is an ideal guide for anyone with an interest in how these financial markets work, but who do not want to be bogged down in complex and unnecessary terminology.

Islamic Fintech

Sara Sánchez Fernández
Islamic Fintech Book PDF

Author : Sara Sánchez Fernández
Publisher : Routledge
Page : 132 pages
File Size : 42,9 Mb
Release : 2021-03-29
Category : Business & Economics
ISBN : 9781000367782

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Islamic Fintech by Sara Sánchez Fernández Pdf

The implementation of new technologies is expected to boost the development of Islamic Finance by increasing accessibility to banking and other financial services in Islamic communities and democratizing access to investment opportunities. At the same time, new technologies will increase financing opportunities and facilitate asset management for Sharia-compliant businesses. This collection of essays from selected experts in the field comprise some of the most topical issues on Islamic Fintech, combining a business focus with legal insights. The book takes as a point of departure the role that Islamic Fintech can play in promoting sustainability. The social vision of welfare improvement and justice is already embedded in Sharia’s economic rules, which makes Islamic Finance particularly well suited to bridge the gap between sustainability and funding. Although it is not without challenges for the industry, technology will help unleash its potential. With a holistic approach to Islamic Fintech, the contributing authors address the application of new technologies to Islamic Finance, including robo-advisory, crowdfunding and digital ledger technology (both in the issuance of bitcoin and the registration of securities in tokenized form) and in certain sectors such as takaful (takaful-tech) and health (e-health). Finally, they explore the challenges posed by anti-money laundering (‘AML’) in the specific realm of Islamic Fintech. The book combines theoretical analysis with a practical focus, both through case studies and directly through the experiences of leading entrepreneurs. In addition, it provides insights on legal and regulatory aspects, which are key in a field that is still in its infancy and needs support from lawmakers and regulators. It is, thus, a reference for academics, legal practitioners, policymakers, entrepreneurs and the Islamic Finance community.

Blockchain, Fintech, and Islamic Finance

Hazik Mohamed,Hassnian Ali
Blockchain Fintech and Islamic Finance Book PDF

Author : Hazik Mohamed,Hassnian Ali
Publisher : Walter de Gruyter GmbH & Co KG
Page : 266 pages
File Size : 55,8 Mb
Release : 2022-09-06
Category : Business & Economics
ISBN : 9783110745146

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Blockchain, Fintech, and Islamic Finance by Hazik Mohamed,Hassnian Ali Pdf

Following the success of the first edition that brought attention to the digital revolution in Islamic financial services, comes this revised and updated second edition of Blockchain, Fintech and Islamic Finance. The authors reiterate the potential of digital disruption to shrink the role and relevance of today’s banks, while simultaneously creating better, faster, cheaper services that will be an essential part of everyday life. Digital transformation will also offer the ability to create new ways to better comply to Islamic values in order to rebuild trust and confidence in the current financial system. In this new edition, they explore current concepts of decentralized finance (DeFi), distributed intelligence, stablecoins, and the integration of AI, blockchain, data analytics and IoT devices for a holistic solution to ensure technology adoption in a prudent and sustainable manner. The book discusses crucial innovation, structural and institutional developments for financial technologies including two fast-growing trends that merge and complement each other: tokenization, where all illiquid assets in the world, from private equity to real estate and luxury goods, become liquid and can be traded more efficiently, and second, the rise of a new tokenized economy where inevitably new rules and ways to enforce them will develop to fully unleash their capabilities. These complementary and oft-correlated trends will complete the decentralization of finance and will influence the way future financial services will be implemented. This book provides insights into the shift in processes, as well as the challenges that need to be overcome for practical applications for AI and blockchain and how to approach such innovations. It also covers new technological risks that are the consequence of utilizing frontier technologies such as AI, blockchain and IoT. Industry leaders, Islamic finance professionals, along with students and academics in the fields of Islamic finance and economics will benefit immensely from this book.

Business Knowledge It in Islamic Finance

Coporation Limited Essvale Coporation Limited
Business Knowledge It in Islamic Finance Book PDF

Author : Coporation Limited Essvale Coporation Limited
Publisher : Essvale Corporation Limited
Page : 193 pages
File Size : 52,9 Mb
Release : 2009
Category : Business & Economics
ISBN : 9781906096625

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Business Knowledge It in Islamic Finance by Coporation Limited Essvale Coporation Limited Pdf

Deals with the convergence of business and IT in the Islamic finance industry. This work contains information on the fundamentals of Islamic finance. It is suitable for professionals working in the Islamic Finance and crossovers.

Artificial Intelligence and Islamic Finance

Adel M. Sarea,Ahmed H. Elsayed,Saeed A. Bin-Nashwan
Artificial Intelligence and Islamic Finance Book PDF

Author : Adel M. Sarea,Ahmed H. Elsayed,Saeed A. Bin-Nashwan
Publisher : Routledge
Page : 262 pages
File Size : 50,6 Mb
Release : 2021-12-31
Category : Business & Economics
ISBN : 9781000528107

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Artificial Intelligence and Islamic Finance by Adel M. Sarea,Ahmed H. Elsayed,Saeed A. Bin-Nashwan Pdf

This book provides a systematic overview of the current trends in research relating to the use of artificial intelligence in Islamic financial institutions (IFIs), across all organization of Islamic cooperation (OIC) countries. Artificial Intelligence and Islamic Finance discusses current and potential applications of artificial intelligence (AI) for risk management in Islamic finance. It covers various techniques of risk management, encompassing asset and liability management risk, credit, market, operational, liquidity risk, as well as regulatory and Shariah risk compliance within the financial industry. The authors highlight AI’s ability to combat financial crime such as monitoring trader recklessness, anti-fraud and anti-money laundering, and assert that the capacity of machine learning (ML) to examine large amounts of data allows for greater granular and profound analyses across a variety of Islamic financial products and services. The book concludes with practical limitations around data management policies, transparency, and lack of necessary skill sets within financial institutions. By adopting new methodological approaches steeped in an Islamic economic framework (e.g., analysing FinTech in the context of Shariah principles and Islamic values), it devises practical solutions and generates insightful knowledge, helping readers to understand and explore the role of technological enablers in the Islamic finance industry, such as RegTech and artificial intelligence, in providing better and Shariah-compliant services to customers through digital platforms. The book will attract a wide readership spanning Shariah scholars, academicians, and researchers as well as Islamic financial practitioners and policy makers.

Islamic Banking

Amr Mohamed El Tiby Ahmed
Islamic Banking Book PDF

Author : Amr Mohamed El Tiby Ahmed
Publisher : John Wiley & Sons
Page : 166 pages
File Size : 45,9 Mb
Release : 2010-11-17
Category : Business & Economics
ISBN : 9780470930113

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Islamic Banking by Amr Mohamed El Tiby Ahmed Pdf

A detailed look at the fast-growing field of Islamic finance and banking The guiding principle of Islamic finance has existed throughout Islamic history, yet modern Islamic banking has been around for a relatively short period of time. Author Amr Mohamed El Tiby is an expert in this field, and with this new book, he reveals how you can benefit from the use of Islamic banking strategies in your financial endeavors. Engaging and accessible, Islamic Banking shows the impact this approach has made on conventional banking since the 1950s, and why it's such a big player in the current market. It offers a unique look at various aspects of this field, including the salient features of Islamic banking that distinguishes it from non-Islamic banking, the development of the regulatory bodies and supervisory agencies that support the Islamic banking system, and much more. It also explores the nature of risk in Islamic banking and the issues of capital adequacy, corporate governance, transparency, and risk associated with Islamic banking. Discusses the history and development of Islamic finance Offers straightforward strategies for implementing Islamic finance into your business activities Sheds light on the effect of the global economic crisis on Islamic banks versus conventional banks Filled with in-depth insights and expert advice, this detailed analysis of Islamic finance will help you gain a firm understanding of how effective this proven approach can be.