Introduction to Islamic Fintech: A Challenge or an Opportunity?

Rabbani, Mustafa Raza; Hassan, M. Kabir; Rashid, Mamunur

doi:10.1007/978-3-031-14941-2_1

Cited by 6 publications

(4 citation statements)

References 57 publications

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“…Contrasting this with the study by Alshater et al (2020), it emerges that these correlations emphasize the interconnectedness of these factors and underscore the need for a holistic approach to fintech adoption (Alshater et al, 2022). In essence, the study's findings reveal that the integration of Fintech in the Takaful insurance industry of Qatar is generally perceived positively, with significant support from regulatory authorities and industry players (Rabbani et al, 2022) (Rabbani et al, 2022). However, Barberis et al (2019) have also contended challenges related to regulation, cybersecurity, resistance to change, and access to funding must be addressed, which is also evident by the current study's findings.…”

Section: Discussioncontrasting

confidence: 80%

The Role of Fintech in Promoting the Takaful Model of Islamic Insurance

Elomari

2023

Am. J. Financ. Inst.

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This study examines the influence of fintech integration on the Takaful insurance business in Qatar, emphasizing profitability and industry development. Takaful, an Islamic insurance policy based on ethical values, faces practical difficulties. Fintech, driven by technical breakthroughs such as blockchain and AI, provides solutions to simplify processes and improve accessibility. To get quantitative data, 320 Takaful and fintech experts were polled. Respondents had a wide range of expertise levels, emphasizing the importance of industry collaboration. Positive opinions of regulatory support (85.9%) and proactive fintech uptake (84.1%) were noted. Regulatory barriers (82.5%), cybersecurity concerns (82.2%), opposition to change (82.8%), and a lack of fintech financing (82.5%) were among the challenges. The study discovered that Fintech plays a substantial role in increasing profitability, with 91.3% reporting greater earnings and 84.4% reporting enhanced operational efficiency. Personalized insurance solutions (84.4%) and data-driven growth (88.1%) generated profitability. Fintech was largely viewed as supporting the Takaful insurance sector (83.4%), increasing client involvement (81.9%) and confidence. Correlation and regression analysis demonstrated the existence of favorable relationships between fintech integration, its problems, profitability, and industry promotion. These studies highlight Fintech’s transformational potential and inform industry stakeholders and policymakers. Addressing regulatory, cybersecurity, change resistance, and finance issues is critical to effectively integrating Fintech into Qatar’s Takaful insurance.

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Section: Discussioncontrasting

confidence: 80%

The Role of Fintech in Promoting the Takaful Model of Islamic Insurance

Elomari

2023

Am. J. Financ. Inst.

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“…The Middle East, North Africa, Southeast Asia, South Asia, and Central Asia Islamic finance systemically important countries have experienced the majority of the industry's tremendous expansion Authors who write about Islamic fintech are dominated by Asian countries such as Bahrain, Indonesia, India, and Malaysia (Rabbani et al, 2022). The distribution of countries reflects the development of Islamic FinTech in certain Asian countries, even though FinTech itself comes from Western countries, but for Islamic FinTech, Muslim countries have dominance (Haqqi, 2020).…”

Section: Results and Analysismentioning

confidence: 99%

Exploring Islamic Fintech: A Bibliometric Approach

Irfan¹,

Rusmita

2023

JEBIS

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Introduction: In recent years, Islamic Fintech and bibliometric analysis in general have drawn more attention in the finance literature. In this study, all papers indexed in the Dimensions database that cover the wide topic of Fintech and Islamic Fintech from 2017 to 2023 are examined using bibliometric analytical tools. Methods: The authors discovered 675 papers that met the set function, subject, and criteria requirements. The papers' publishing by knowledge area, annual study output, national contribution, author count, and most prestigious journals were all analysed. The co-occurrence of keywords and document citations was visually analysed using the VOS viewer. Filter the data set from “Islamic Fintech” or “Bibliometric Analysis” or “Literature Reviews”, and concluding the research on the 76 final publications. Results: According to the findings, the dimensions database includes depicts the second search on the keyword of “Islamic Fintech” or “Bibliometric Analysis”, than research found 97 publication from the different filed like, 51 publication form the articles, 19 publication from the edited book, 15 publication form the chapters, 7 publication form the preprint, 4 from proceedings, and 1 from the monograph. Research limitations/implications : The bibliometric analysis carried out was confined to Dimensions data. Other national and international databases were not taken into account for this research. Conclusion and suggestion: Between 2017 and 2023, this study examined relevant studies on bibliometric analysis of Islamic Fintech Publication. The study presents a concise review of the literature accessible to researchers working in this area and provides recommendations for future research.

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“…One possible drawback is the prospect of financial exclusion, as those without access to or familiarity with technology may be left behind. There is also the issue of ensuring that fintech platforms follow Shariah principles and laws, which may be complicated and need rigorous monitoring (Oseni and Ali 2019;Rabbani et al 2022b). Furthermore, there are questions regarding the ethical implications of fintech, such as the use of artificial intelligence in decision-making and the possibility of bias in algorithms (Antoniadi et al 2021).…”

Section: Introductionmentioning

confidence: 99%

Islamic Finance in the Era of Financial Technology: A Bibliometric Review of Future Trends

Qudah,

Malahim,

Airout

et al. 2023

IJFS

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This study focused on a current study on Islamic finance and financial technology as well as prospective topics for future research. As a bibliometric and visualization tool for the Web of Science core collection database and viewer-based literature, 918 papers dealing with Islamic finance and financial technology authored between 1999 and 2022 were analyzed. Cluster analysis, all-keyword co-occurrence analysis, and bibliographic coupling mapping are all investigated in the study. This research enables us to propose future research paths that may be useful in reflecting on the significant impact that technology will have on the growth of Islamic finance and financial technology. The survey discovered four main research trends: the first trend shown is “Financial Inclusion and Corporate Governance in Islamic Fintech”. The second trend focuses on “information technology and future financial Islamic services”. The third trend is “The Transformation of Islamic Finance: How Fintech is Changing the Game”. The fourth trend is related to “Islamic Finance: A Growing Force in the Digital Age”. This study provides a comprehensive analysis of research trends at the intersection of Islamic finance and financial technology, identifying future research directions.

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Introduction to Islamic Fintech: A Challenge or an Opportunity?

Cited by 6 publications

References 57 publications

The Role of Fintech in Promoting the Takaful Model of Islamic Insurance

The Role of Fintech in Promoting the Takaful Model of Islamic Insurance

Exploring Islamic Fintech: A Bibliometric Approach

Islamic Finance in the Era of Financial Technology: A Bibliometric Review of Future Trends

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