An Assessment of Level of Adoption of Fintech in Islamic Banks in the MENA Region

M. Kabir Hassan, Somar Al-Mohamed (), Mustafa Raza Rabbani () and Ammar Jreisat ()
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Somar Al-Mohamed: American University of the Middle East
Mustafa Raza Rabbani: University of Bahrain
Ammar Jreisat: University of Bahrain

A chapter in FinTech in Islamic Financial Institutions, 2022, pp 223-242 from Springer

Abstract: Abstract As the presence of Fintech in financial services industry is growing, its impact on various stakeholders is hard to ignore. Two of the most important stakeholders are the financial institutions, particularly banks, and the users of the financial services—the customers. Traditional financial institutions are reinventing their products and services by collaborating with the Fintech companies. In return, customers are getting more innovative, accessible, quality products and services at a competitive rate. This chapter attempts to find out the impact of this disruptive technology on the providers of financial services by using secondary data. The present study is equally exploratory and descriptive in nature. Results help explore the level of Fintech adoption among the Islamic banks from the MENA region. The findings of the study reveal that the adoption of Fintech in MENA region by Islamic banks is still at the nascent stage.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-14941-2_11

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DOI: 10.1007/978-3-031-14941-2_11

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