Fintech, Digitalization, and Blockchain in Islamic Finance: Retrospective Investigation

Ibrahim Musa Unal and Ahmet Faruk Aysan ()
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Ibrahim Musa Unal: Islamic Finance and Economy Program, Qatar Foundation, College of Islamic Studies, Hamad Bin Khalifa University, Ar-Rayyan 34110, Qatar
Ahmet Faruk Aysan: Islamic Finance and Economy Program, Qatar Foundation, College of Islamic Studies, Hamad Bin Khalifa University, Ar-Rayyan 34110, Qatar

FinTech, 2022, vol. 1, issue 4, 1-11

Abstract: The increasing interest in Fintech, Blockchain, and Digitalization in Islamic Finance created a new area in the literature, requiring a systematic review of these academic publications. The scope of the analysis is limited to journal articles to understand the trends in the indexed journals. Results are categorized into three sections, Islamic banks’ digitalization, Blockchain and Crypto Assets research, and Islamic non-bank financial institutions’ digitalization. Islamic fintech has great potential mainly because of the overlapping norms of Shariah and fintech, making it easier to implement technological disruption into Islamic finance. Moreover, the trust shift to Islamic finance could be merged with the opportunities of fintech and increase the potential of Islamic fintech even more.

Keywords: fintech; blockchain; digitalization; Islamic finance; shariah; Islamic banking; digital transformation; banking (search for similar items in EconPapers)
JEL-codes: C6 F3 G O3 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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