{"product_id":"fintech-in-islamic-financial-institutions-scope-challenges-and-implications-in-islamic-finance-9783031149405","title":"FinTech in Islamic Financial Institutions: Scope, Challenges, and Implications in Islamic Finance","description":"\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cblockquote\u003eThis book explores the challenges facing FinTech in Islamic financial institutions, such as large banks and financial institutions earning technology arbitrage, limited usage due to personal and governance-related limitations, and poor awareness of emerging FinTech services. Banks hope to use FinTech to increase the size of technology-savvy depositors and loan customers and achieve economies of scale. Automation in Islamic banks and participation in blockchain and bitcoin domains require extensive research from Shariah-compliance and market and consumer-related grounds. \u003c\/blockquote\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eFormat\u003c\/strong\u003e: Hardback\u003cbr\u003e\u003cstrong\u003eLength\u003c\/strong\u003e: 359 pages\u003cbr\u003e\u003cstrong\u003ePublication date\u003c\/strong\u003e: 01 December 2022\u003cbr\u003e\u003cstrong\u003ePublisher\u003c\/strong\u003e: Springer International Publishing AG\u003cbr\u003e\u003c\/p\u003e\u003cp\u003e\u003cbr\u003eThis comprehensive book delves into the multifaceted challenges confronting FinTech in Islamic financial institutions. Firstly, large banks and financial institutions in countries with advanced and innovative technological channels are poised to gain significant technological arbitrage from FinTech, presenting a challenge for smaller, technologically less-developed Islamic financial institutions. Secondly, despite the increasing accessibility of FinTech, its usage remains limited due to personal and governance-related constraints. Moreover, the level of awareness regarding emerging FinTech services, such as Bitcoin and blockchain, remains remarkably low, even among technologically advanced countries. Thirdly, the utilization of FinTech by Islamic financial institutions is primarily confined to Islamic banking, catering to users from developed countries, targeting young customers, and offering a limited range of traditional banking services, including deposits and payment services. Additionally, banks aim to leverage FinTech to attract a new breed of technology-savvy depositors and loan customers, seeking to achieve economies of scale and stabilize the banking sector.\u003cbr\u003e\u003cbr\u003eIn the realm of Islamic banks, the integration of automation and participation in blockchain and Bitcoin domains necessitates extensive research from Shariah-compliance and market and consumer-related perspectives. This book serves as a valuable resource for scholars, researchers, and students of Islamic finance and financial technology, offering insights into the implications of FinTech on Islamic financial institutions and their role in the evolving financial landscape.\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eWeight\u003c\/strong\u003e: 618g\u003cbr\u003e\u003cstrong\u003eDimension\u003c\/strong\u003e: 217 x 155 x 29 (mm)\u003cbr\u003e\u003cstrong\u003eISBN-13\u003c\/strong\u003e: 9783031149405\u003cbr\u003e \u003cstrong\u003eEdition number\u003c\/strong\u003e: 1st ed. 2022\u003c\/p\u003e","brand":"Shulph Ink","offers":[{"title":"Hardback","offer_id":44130917843194,"sku":"9783031149405","price":136.63,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/4297\/2845\/products\/1679474891726_book.jpg?v=1679997495","url":"https:\/\/shulphink.com\/products\/fintech-in-islamic-financial-institutions-scope-challenges-and-implications-in-islamic-finance-9783031149405","provider":"Shulph Ink","version":"1.0","type":"link"}