Proposed Mobile Application for Islamic Fintech E-Salam System an Approach to the Financial Inclusion

Allaymoun, Mohammad; Hamid, Omer Awad Hag

doi:10.1109/icdabi51230.2020.9325698

Cited by 5 publications

(4 citation statements)

References 5 publications

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“…Scholarly publications that addressed the fundamental issues have covered: literature review on fintech, Islamic finance and blockchain (Rabbani et al, 2020b) and cryptocurrency (Rabbani et al, 2022c); the idea of Islamic fintech and the future of Islamic finance (Lajis, 2019;Rabbani and Khan, 2020), including such roles in times of COVID-19 pandemic (Hassan et al, 2020;Rabbani et al, 2020a;Syed et al, 2020), trust enhancement with blockchain technology (Chong, 2021) and the conceptual work on the Islamic digital economy (Mohamed and Ali, 2018); the proposed model of Islamic fintech for financial inclusion and development, e.g. E-Salam fintech (Allaymoun and Hamid, 2020), interest-free Islamic fintech model (Sa'ad et al, 2020), mush arakah smart contract model (Sa'ad et al, 2019), mudharabah crowdfunding model (Ishak and Rahman, 2021), Islamic fintech free money creation model (Altwijry et al, 2021), fintech for Islamic microfinance (Shaikh, 2021); and the notion of Islamic fintech's role in the UN SDGs (Bedoui and Aaminou, 2021) and environmental, social, and governance (Goud et al, 2021).…”

Section: Gap In Knowledgementioning

confidence: 99%

“…the proposed model of Islamic fintech for financial inclusion and development, e.g. E-Salam fintech (Allaymoun and Hamid, 2020), interest-free Islamic fintech model (Sa’ad et al , 2020), mushārakah smart contract model (Sa’ad et al , 2019), mudharabah crowdfunding model (Ishak and Rahman, 2021), Islamic fintech free money creation model (Altwijry et al , 2021), fintech for Islamic microfinance (Shaikh, 2021); and…”

Section: Literature Reviewmentioning

confidence: 99%

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Exploring the development of Islamic fintech ecosystem in Indonesia: a text analytics

Hudaefi

Hassan

Abduh

2023

QRFM

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Purpose This study aims at two objectives, i.e. first, to identify the core elements of the Islamic fintech ecosystem, and second, to use the identified core elements to analyse the development of such an ecosystem in Indonesia. Design/methodology/approach This work combines data analytics of text mining with qualitative analysis of human intelligence in two steps. First, knowledge discovery of the Islamic fintech ecosystem’s core elements using a sample of eight academic articles totalling 102 pages and 75,082 words. Second, using the identified core elements from step one to explore such ecosystem development in Indonesia. This stage employs a sample of 11 documents totalling 371 pages and 143,032 words from cyberspace. Findings The core elements of the Islamic fintech ecosystem identified are financial customers, fintech startups, government, technology developers, traditional financial institutions and fatwa (Islamic legal opinion). Furthermore, the development of the Islamic fintech ecosystem in Indonesia is examined under these identified core elements, providing critical insights into the Islamic fintech ecosystem currently established in the country's industry. Research limitations/implications This study primarily used semi-structured data from cyberspace. Traditional approaches to qualitative data collection, e.g. focused group discussions and interviews, may be beneficial for future studies in addressing the Islamic fintech ecosystem issues. Practical implications Academia worldwide may benefit from this work in incorporating knowledge of Islamic fintech ecosystem’s core elements into Islamic finance literature. Specifically, fintech stakeholders in Indonesia may be advantaged to understand how far the Islamic fintech ecosystem has grown in the country. Social implications The rise of unethical fintech peer-to-peer lending shows social problems in Indonesia’s fintech industry. The finding derives social implications that elucidate the current state of the country’s Islamic fintech ecosystem. Originality/value Using a kind of big data (i.e. semi-structured text data) from cyberspace and applying steps of text mining combined with qualitative analysis, may contribute to the creation of novelties for qualitative research on financial issues.

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Section: Gap In Knowledgementioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Exploring the development of Islamic fintech ecosystem in Indonesia: a text analytics

Hudaefi

Hassan

Abduh

2023

QRFM

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“…The current pandemic negatively contributed to the real economy which created serious economic concerns and projected data from the Economic Intelligence Unit showing a devastating effect of the Covid-19 crisis on scal and monitory growth in most countries (Rabbani et al, 2020). Though the Covid-19 virus is an exogenous jolt to the economic and nancial system, the Islamic nancial services industry is not immune to such a crisis (Allaymoun and Hamid, 2020). The expected shortfall in performance of Islamic nancial service business is not signi cantly distinct from the conventional business.…”

Section: Islamic Finance and Covid 19mentioning

confidence: 99%

FinTech Innovations and Islamic Banking Performance: Post pandemic Challenges and Opportunities

Rahman

Rahiman

Meero

et al. 2022

Preprint

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Current research aims to investigate the role of financial technology (Fintech) during pandemics on Islamic financial institutions and banks’ performance. The study identified measures of lockdown executed by numerous countries across the world that have also indicated the significance of leveraging technology and establishing a livelier Islamic finance industry. The results and data analysis identified adoption of greater digitalization and incorporation of fintech strengthens the spirit of the industry in a more unstable ecosystem and challenges like pandemic and open another new opportunity for growth. However, recent financial years have shown that there is room for expansion and growth, especially for Sukuk issuance, by guidelines and regulations, and ease and velocity of implementation. The results also suggested various indications on the effect of financial technology reform on the Islamic banks’ growth significantly with the adoption of the Fintech revolution. Since the performance of Islamic banking proved to be better in certain aspects compared to conventional banking, this study suggests industry adopt paradigm change and development of financial technology to enhance the global market. JEL: F36, G24, Q55, Q56

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“…Actions in realizing the use of mobile banking are also related to someone's intention in transacting at Sharia banks (Allaymoun & Hag Hamid, 2020). Intention is one of the important things in influencing action, intention will arise because of deep attention to an object, where this attention creates a desire to know and prove.…”

Section: Introductionmentioning

confidence: 99%

Factors that Affect the Intention to Use Mobile Banking in Sharia Banks

Rofianti,

Inayah,

Nabila

et al. 2023

Sharia Oikonomia Law Journal

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The background of this research is the mobile baking service, which is slowly being considered as a service that must be provided by banks to their customers. Thus, Sharia banks also adopt mobile banking services as a strategy to gain a competitive advantage. Service features, security, and convenience are analyzed to determine direct and indirect effects on the intention to use BSI Mobile (a mobile banking service from the largest Sharia bank in Indonesia). This research uses a type of quantitative research with primary data obtained from questionnaires or online surveys via Google Forms. The number of samples in this study was 100 respondents, namely BSI Mobile users. The data analysis technique used is SPSS 26 which includes the validity test, the reliability test, the multiple linear regression tests, the determinant coefficients test, the F-test, and finally the T-test. The results show that service features and perceived ease of use have a positive and significant effect on the intention to use BSI Mobile. However, security doesn't have a significant effect on the intention to use BSI Mobile. This study aims to help Sharia banks develop their mobile banking services, so they have a higher chance in competing with conventional banks.

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Proposed Mobile Application for Islamic Fintech E-Salam System an Approach to the Financial Inclusion

Cited by 5 publications

References 5 publications

Exploring the development of Islamic fintech ecosystem in Indonesia: a text analytics

Exploring the development of Islamic fintech ecosystem in Indonesia: a text analytics

FinTech Innovations and Islamic Banking Performance: Post pandemic Challenges and Opportunities

Factors that Affect the Intention to Use Mobile Banking in Sharia Banks

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