OTHER DIGITAL FINANCIAL SOLUTIONS IN CAPITAL MARKETS

Obiyathulla Ismath Bacha, Ali Zhang Hengchao and Mirzet Šeho

Chapter 15 in Islamic Capital Markets:A Comparative Approach, 2025, pp 431-470 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This chapter examines how emerging digital financial solutions, such as crowdfunding, online and social trading, robo-advising, and algorithmic trading, transform capital markets by democratizing access, fostering innovation, and enhancing efficiency. By discussing these technologies’ principles, mechanisms, benefits, and challenges, the chapter aims to equip students with a comprehensive understanding of their roles in influencing and reshaping the contemporary financial ecosystem.

Keywords: Islamic Banking; Islamic Finance; Capital; Capital Markets; Contracts; Instrument Design; Interbank; Interbank Money Market; Islamic Interbank Money Market; Bond; Bond Market; Sukuk; Sukuk Market; Common Stocks; Equity Markets; Islamic Equities Market; Derivative Instruments; Shariah; Shariah-compliant Derivative Instrument; Exchange Rates; Foreign Exchange Market; Digital Financial Assets; Blockchain; Financial Solution; Digital Financial Solution; Conventional Capital Market; Dual Market (search for similar items in EconPapers)
JEL-codes: F3 G15 G18 G23 G24 (search for similar items in EconPapers)
Date: 2025
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