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Islamic Fintech: Opportunities and Challenges

July 1st, 2020 | Digitalization has changed the structure of the Islamic moral economy and spurred the development of the overall Islamic digital sphere, which includes Islamic financial services. Automation, disintermediation, decentralization and blockchain brought by technological advancements have specifically participated in the establishment of strong and resilient financial technology (fintech). However, despite the great changes and opportunities that Islamic fintech brings to the Islamic economic and financial systems, mismanagement of this nascent area may hinder the growth of the overall ecosystem. This article examines some issues and challenges facing Islamic fintech and its prospects.

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Islamic Fintech: Opportunities and Challenges

July 1st, 2020 | Digitalization has changed the structure of the Islamic moral economy and spurred the development of the overall Islamic digital sphere, which includes Islamic financial services. Automation, disintermediation, decentralization and blockchain brought by technological advancements have specifically participated in the establishment of strong and resilient financial technology (fintech). However, despite the great changes and opportunities that Islamic fintech brings to the Islamic economic and financial systems, mismanagement of this nascent area may hinder the growth of the overall ecosystem. This article examines some issues and challenges facing Islamic fintech and its prospects.

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Greater Awareness Efforts Needed for Islamic Finance

July 23rd, 2019 |

By Mezbah Uddin Ahmed*

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Blockchain: A Potential Platform for Waqf

February 9th, 2019 |

Waqf in Islam is essentially identified as a property that is dedicated to God in charity. Besides it is perpetual in nature and at times irrevocable and inalienable. Literally waqf is defined as a detention of property to produce an income that can be made available for charitable deeds for the community and humanity at large. Basically, when a waqf is created, the property is detained or tied up forever and becomes untransferable.

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