Islamic Fintech, Blockchain and Crowdfunding: Current Landscape and Path Forward
FinTech in Islamic Financial Institutions: Scope, Challenges, and Implications in Islamic Finance
; : 307-340, 2022.
Article
in English
| Scopus | ID: covidwho-2315240
ABSTRACT
The new age Fintech-driven innovative financial services started with the fourth industrial revolution and COVID-19 has stimulated supreme innovation in the global financial services industry. It is the young and millennial population driving these innovations and startups are responding, as there are more than 15, 000 startups and global Fintech-based transaction crossed $6.308 Billion by the year 2020. Islamic finance industry has experienced an unprecedented growth, partly due to incremental investment in Fintech-based financial intermediation. Two most commonly cited high growth areas for Islamic finance lie within blockchain and crowdfunding. This study provides an advanced overview of the Islamic Fintech, blockchain and crowdfunding;their current landscape;and path forward. We discuss opportunities for Islamic financial institutions and a clear roadmap to capitalize on those opportunities. © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022.
Full text:
Available
Collection:
Databases of international organizations
Database:
Scopus
Language:
English
Journal:
FinTech in Islamic Financial Institutions: Scope, Challenges, and Implications in Islamic Finance
Year:
2022
Document Type:
Article
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