Islamic FinTech: Insights and Solutions

by Mohd Ma'Sum Billah

Overview

This timely book addresses the effects and implications of rapid technological changes within the financial services industry on Islamic finance and Islamic banks. Exploring current challenges, opportunities and threats, the authors provide an overview of how FinTech can operate within an Islamic context, under the Shari’ah principles or the Halal framework, for example. Examining the potential opportunities of Islamic FinTech from a socio-economic perspective, this edited collection will be of use to anyone researching FinTech or Islamic Finance as well as practitioners and policy-makers involved in banking and financial services.

Product Details

ISBN-13:	9783030458263
Publisher:	Springer International Publishing
Publication date:	01/27/2021
Edition description:	1st ed. 2021
Pages:	465
Product dimensions:	5.83(w) x 8.27(h) x 0.00(d)

About the Author

Mohd Ma’Sum Billah is a Professor of Finance, Insurance, FinTech and Investment at the Islamic Economics Institute of King Abdul Aziz University, Kingdom of Saudi Arabia. He is an internationally renowned Islamic finance scholar. He has served and contributed to academia and corporate industries for over 20 years providing management, teaching, research and problem-solving, particularly in the areas of Islamic finance and insurance (Takaful), and the Halal standard. Mohd has published 32 books and chapters in books as well as over 200 articles in journals and on social media. He has presented at numerous conferences, seminars, executive workshops and industrial training sessions around the globe. In addition, he has been affiliated with various companies, universities and financial institutions including central banks, international corporate organisations, governments and NGOs in his capacity as a member on boards, an advisor, a strategic decision-maker and a reformer with a strategic solution-provider. His areas of interest include Islamic finance and insurance (Takaful), crowdfunding, investment, Waqf, capital markets (Sukuk), social finance, the SDGs and FinTech.

Table of Contents

1. Emergence of i-FinTech in the Contemporary Socio-economic Reality.- 2. FinTech Vs. i-FinTech: A Dichotomy.- 3. FinTech and Maqāsid Dichotomy under the Prism of the Non-Neutrality of Techniques.- 4. Central Banks and Financial Authorities: Towards the Advancement of I-Fintech.- 5. Analysis of Fatwas on FinTech.- 6. An Evaluation of Smart Contracts: Practices, Legality, and Shari'ah.- 7. Digital Smart Contracts: Legal and Shari'ah Issues.- 8. Judicial Procedures in I-Fintech: The Malaysian Experience.- 9. The Forms and Effects of Crypurrencies in a Dual Banking System.- 10. Islamic FinTech and Financial Inclusion.- 11. Enhancing Financial Inclusion Using FinTech-Based Payment System.-12. Islamic FinTech and Financial Inclusion.-13. Utilization of Digital Technology for Zakat Development.- 14. I-FinTech and Its Value Proposition for Islamic Asset and Wealth Management.- 15. The Opportunities of Digital Wallets from an IslamicPerspective.-16. The Optimization of Blockchain for Greater Transparency in Zakat Management.-17. Zakat Digital Management Techniques.- 18. Zakat Calculation Software for Corporate Entities.- 19. FinTech in the MENA Region: Current States and Prospects.- 20. The Risks of Islamic FinTech.- 21. TakafulTech for Business Excellence and Customer Satisfaction.- 22. The Challenges of Crypurrencies and the Shari'ah Paradigm.- 23. Digital Technology and Its Impact on Islamic Social Finance Literacy.- 24. The Direction of Future Research on i-FinTech.