COVID-19 Challenges and the Role of Islamic Fintech

Sitara Karim (), Mustafa Raza Rabbani (), Mamunur Rashid () and Zaheer Anwer ()
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Sitara Karim: University of Nottingham Malaysia Campus
Mustafa Raza Rabbani: University of Bahrain
Mamunur Rashid: Canterbury Christ Church University
Zaheer Anwer: University of Management and Technology

A chapter in FinTech in Islamic Financial Institutions, 2022, pp 341-356 from Springer

Abstract: Abstract COVID-19 has created massive havoc to the global operations and business processes and the uncertain economic conditions have made the world think about the abrupt solutions to tackle the problem efficiently. Islamic fintech has provided the world with innovative solutions to overcome the devastating impact of this pandemic. Against this backdrop, this study aims to investigate the effective solutions provided by Islamic fintech in the post-COVID period. The study mainly opted for the qualitative framework to carry out its research and provide workable solutions to the world offered by Islamic fintech in the post-COVID era. Various technological innovations compatible with Islamic finance have initiated a great deal of competition with its long-lasting and sustainable impact on the growth of the economies. The COVID period, which is still going on, is marked by substantial growth and development followed by the fintech innovations to address the demands of the customers. This study is expected to play a key role in promoting the Islamic fintech solutions to overcome the economic hazards created by the coronavirus pandemic.

Keywords: COVID-19; Economic downfall; Islamic fintech; Recovery stages; Response to COVID-19 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/978-3-031-14941-2_16

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