Islamic finance in the age of digital transformation: an introduction

Syed Nazim Ali and Zul Hakim Jumat

Chapter 1 in Islamic Finance in the Digital Age, 2024, pp 1-7 from Edward Elgar Publishing

Abstract: This introduction highlights the evolving landscape of Islamic finance in the digital age, emphasizing the transformative impact of digitalization and global interconnectedness on the financial sector. It underscores the growth and resilience of Islamic finance, especially in the face of the global pandemic, and the sector’s evolution towards Shariah-compliant alternatives with a focus on environmental, social, and governance (ESG) factors. The emergence of Islamic fintech, despite its significant growth in OIC countries, is noted as having untapped potential. The need for a maqasid-centric vision for the next decade in Islamic finance is emphasized, urging conscious adoption of emerging technologies with Islamic values. This book is derived from the 5th International Conference on Islamic Finance (ICIF), which was held on October 2022, covering envisioning the next decade, emerging technologies and Shariah-compliance issues, and emerging Islamic finance solutions and opportunities. The overall theme of the book is the integration of technology and Islamic finance, offering a forward-looking vision for the industry.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035322954.00009 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:22863_1

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().