Islamic Fintech, blockchain and crowdfunding: Current landscape and path forward

Book chapter

Hassan, M. K., Rabbani, M. R., Rashid, M. and Trinugroho, I. 2022. Islamic Fintech, blockchain and crowdfunding: Current landscape and path forward. 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. 307-340
AuthorsHassan, M. K., Rabbani, M. R., Rashid, M. and Trinugroho, I.
EditorsHassan, M. K., Rabbani, M. R. and Rashid, M.
Abstract

The new age Fintech-driven innovative financial services started with the fourth industrial revolution and COVID-19 has stimulated supreme innovation in the global financial services industry. It is the young and millennial population driving these innovations and startups are responding, as there are more than 15,000 startups and global Fintech-based transaction crossed $6.308 Billion by the year 2020. Islamic finance industry has experienced an unprecedented growth, partly due to incremental investment in Fintech-based financial intermediation. Two most commonly cited high growth areas for Islamic finance lie within blockchain and crowdfunding. This study provides an advanced overview of the Islamic Fintech, blockchain and crowdfunding; their current landscape; and path forward. We discuss opportunities for Islamic financial institutions and a clear roadmap to capitalize on those opportunities.

KeywordsIslamic FinTech; Blockchain; Crowdfunding; Islamic finance; Islamic banking
Page range307-340
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_15
Related URLhttps://doi.org/10.1007/978-3-031-14941-2
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