COVID-19 challenges and the role of Islamic Fintech

Book chapter

Sitara, K., Rabbani, M. R., Rashid, M. and Anwer, Z. 2022. COVID-19 challenges and the role of Islamic Fintech. in: Hassan, M. K., Rabbani, M. R. and Rashid, M. (ed.) FinTech in Islamic Financial Institutions Scope, Challenges, and Implications in Islamic Finance Cham Palgrave Macmillan. pp. 341-356
AuthorsSitara, K., Rabbani, M. R., Rashid, M. and Anwer, Z.
EditorsHassan, M. K., Rabbani, M. R. and Rashid, M.
Abstract

COVID-19 has created massive havoc to the global operations and business processes and the uncertain economic conditions have made the world think about the abrupt solutions to tackle the problem efficiently. Islamic fintech has provided the world with innovative solutions to overcome the devastating impact of this pandemic. Against this backdrop, this study aims to investigate the effective solutions provided by Islamic fintech in the post-COVID period. The study mainly opted for the qualitative framework to carry out its research and provide workable solutions to the world offered by Islamic fintech in the post-COVID era. Various technological innovations compatible with Islamic finance have initiated a great deal of competition with its long-lasting and sustainable impact on the growth of the economies. The COVID period, which is still going on, is marked by substantial growth and development followed by the fintech innovations to address the demands of the customers. This study is expected to play a key role in promoting the Islamic fintech solutions to overcome the economic hazards created by the coronavirus pandemic.

KeywordsIslamic FinTech; Islamic finance; Islamic banking; COVID-19; Pandemic; Economic downfall
Page range341-356
Year2022
Book titleFinTech in Islamic Financial Institutions Scope, Challenges, and Implications in Islamic Finance
PublisherPalgrave Macmillan
Output statusPublished
Place of publicationCham
ISBN9783031149412
9783031149405
Publication dates
Online30 Nov 2022
Print01 Dec 2022
Publication process dates
Deposited23 May 2023
Digital Object Identifier (DOI)https://doi.org/10.1007/978-3-031-14941-2_16
Official URLhttps://link.springer.com/chapter/10.1007/978-3-031-14941-2_16
Related URLhttps://doi.org/10.1007/978-3-031-14941-2
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