COVID-19 pandemic has created a new economic crisis worldwide. Islamic Bank which was reportedly resilient against the financial crisis is expected to be stable in this period. Apart from that, Islamic Bank has channeled financing fund to various business sectors with different portions leading to a question whether they have different impact on Bank. This paper aims to discover the impact of COVID-19 pandemic and financing to business sectors on Islamic Bank profitability. An ARDL approach is employed for analysis. The result of the study shows that COVID-19 pandemic has a negative relationship with Islamic Bank profitability in the long-run. Furthermore, financing to transportation, warehousing and communication sectors is associated with higher profitability in the short-run. On the other hand, financing to wholesale and retail trade sectors hurt Islamic Bank profitability. Based on this result, it is suggested that Government impose some measures in stabilizing Islamic Bank’s performance during COVID-19 pandemic. In addition, Islamic Banks are expected to make adjustment on financing to business sectors ratio accordingly in order to maintain the profitability of Islamic Bank.
FinTech has currently been used by people around the world for the better transactions process. Islamic Finance Industry need to create a proper Islamic FinTech that can meet the Muslim demand. Many researches have been conducted however, they are still limited. Therefore, it is necessary to conduct further studies using comprehensive analysis tool to better develop Islamic FinTech. This study aims to discover bibliographic keywords and research flow in Islamic FinTech studies. Furthermore, it aims to suggest some directions for future researches. The data is collected from Google Scholar database using Publish or Perish, while bibliometric analysis is conducted using VOSviewer. It is revealed that blockchain, bank, application, COVID and intention are the most used keywords in researches. The existing literature is grouped into four discussions, discussions on FinTech in Islamic Finance Industry, the use of blockchain technology, the analysis of behavior of Islamic FinTech users and the model development of Islamic FinTech and its roles in economy. And based on these results, some directions for future research can be resulted. The future research can be done on the measures in addressing issues in implementing FinTech in Islamic Finance Industry, empirical analysis of the implications of successful blockchain implementation, behavioral changes of consumption in Islamic FinTech users and the effect of Islamic FinTech on Islamic Finance growth as well as macroeconomic variables.
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