This book focuses on recent developments in financial technology, specifically, how Fintech affects the Islamic finance industry. It simultaneously presents theories, practice, and key issues and examines the challenges of shariah compliance and explores opportunities for riba-free finance.
This book focuses on recent developments in financial technology, specifically, how Fintech affects the Islamic finance industry. It examines into the challenges of shariah compliance and explores opportunities for riba-free finance.
The book describes contemporary Fintech solutions, exploring their relation to Islamic financial institutions. It outlines the current status of Islamic Fintech, arguing that it can provide Shariah-compliant innovative financial services to bridge the gap, compete with or complement conventional finance. Islamic Fintech can play a transformational role in making Islamic finance more accessible to a wide range of audiences and can also support the SME sector, which has been significantly impacted by the fallout of the COVID-19 pandemic. Firstly, the book addresses thematic issues in Islamic finance, including its role in poverty eradication, elevating SMEs and the Islamic digital economy. Secondly, it examines Shariah-compliant instruments in Islamic finance. The final part encompasses the risk profile of Islamic finance products and explores mitigation strategies. The book simultaneously presents theories, practice, and key issues, introducing new ideas and perspectives to the Islamic banking and financial community.
The primary audience for the book is researchers and scholars of Islamic economics and finance, and it will also appeal to practitioners and regulatory bodies.
1. Topical issues in Islamic Economics and Finance
2. Emergence of Islamic Digital Economy
3. The Role of Islamic Social Finance in Poverty Eradication
4. Islamic Financial technology (Fintech) Defiance and Success countering Covid-19 Pandemic for SMEs
5. On the Mind and Spirit of the Islamic Framework: Behavioural Economics/Socio-Economic Justice 6.Islamic Banking in Non-Muslim Countries
7. On Shari`Ah Indices and Spirituality Lead Prosperity
8. Islamic Insurance (Takaful): An Overview
9. Determinants of Islamic Banking Industry performance: Does Economic Value Added (EVA) matter?
10. An analysis of credit risk in selected Islamic banks from OIC Countries
11. Mediating the Effect of Corporate Image on Islamic Banks' Loyalty: The Role of Religiosity, Collectivism, Sight Cues and CSR
12. Gender Disparities in Corporate E-discourse of Islamic Banks in Pakistan
13. Evaluation of Environmental, Social and Governance (ESG) criteria in banking practices. A Comparison of Islamic and Conventional banks of Pakistan
14. The Role of Islamic finance in the Shadow Economy
15. Mutual Fund Performance: The case of Saudi Arabia
16. Strident Response of the Islamic Banking Industry on Political, Financial, and Pandemic Events
17. Interpretations of Musharakah Mutanaqisah in Islamic Finance: A Cross-Cultural Perspective
18. Opportunities for Developing New Islamic Financial Services in the Emerging Markets
19. The Power of Faith-Based Finance: How Islamic Finance Supports the Achievement of Sustainable Development Goals
20. Conclusions on Topical Issues in Islamic Economics and Finance
Hussain Mohi-ud-Din Qadri is Deputy Chairman of the Board of Governors of Minhaj University, Lahore; Professor at the School of Economics and Finance, Minhaj University, Lahore, Pakistan; and Senior Fellow, the University of Melbourne, Australia.
M. Ishaq Bhatti is Professor of Finance, School of Business and Economics, Universiti Brunei Darussalam, and Adjunct Professor Finance & Financial Econometrics and the Founding Director of the Islamic Banking and Finance Programme at La Trobe University, Australia.
