Embracing of Fintech in Islamic Finance in the post COVID era
2020 International Conference on Decision Aid Sciences and Application, DASA 2020
; : 1230-1234, 2020.
Article
in English
| Scopus | ID: covidwho-1091133
ABSTRACT
The novel corona virus (COVID-19) is a phenomenon with the aftereffects of this pandemic can be felt in the next few years to come. Economic consequences of the pandemic are huge on the Islamic finance industry, it is also evident from the slow growth forecast by the various agencies for the industry. In this paper, we consider this pandemic as an opportunity for the Islamic finance industry to grow and prove its worth again after the global financial crisis of 2008 and emerge as a major contender to the conventional financial system. We develop a model which reveals that COVID-19 is an opportunity with more integrated and transformative growth with high level of standardization, with key focus of the industry on the social cause and tactical adoption of Financial technology. The paper has an implication to the Islamic finance and banking industry as it provides a framework for the future researchers and practitioners to understand and adopt Islamic finance in the post COVID-19 era. © 2020 IEEE.
Full text:
Available
Collection:
Databases of international organizations
Database:
Scopus
Topics:
Long Covid
Language:
English
Journal:
2020 International Conference on Decision Aid Sciences and Application, DASA 2020
Year:
2020
Document Type:
Article
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