International Journal of Islamic Economics and Finance (IJIEF)
Vol 3, No 1 (2020): IJIEF Vol 3 (1), January 2020

Fintech and Islamic Finance: Literature Review and Research Agenda

Hasan, Rashedul (Unknown)
Hassan, Mohammad Kabir (Unknown)
Aliyu, Sirajo (Unknown)



Article Info

Publish Date
28 Jan 2020

Abstract

Fintech revolution started with the introduction of credit cards in 1960 and have been revolutionized with blockchain technologies. Integration of Fintech based solution with Islamic finance has gained interest among academics. However, the lack of literature evidence on this issue has motivated us to conduct a systematic literature review on Islamic Fintech. We have identified fourteen documents relevant to the context of the study and conducted the content and thematic analysis. An extensive review of past literature allows us to identify Shari’ah compliance as one of the major challenges for the growth of Islamic fintech. In addition, we conclude that Islamic fintech might pose challenges for Islamic Financial Institutions (IFIs) in terms of operational efficiency, customer retention, transparency and accountability. We contribute by providing insights on the challenges faced by the Islamic finance industry toward integrating Fintech based solutions with reference to past studies and indicate areas for future studies that could reduce the gaps in Islamic Fintech literature.

Copyrights © 2020






Journal Info

Abbrev

ijief

Publisher

Subject

Economics, Econometrics & Finance

Description

International Journal of Islamic Islamic Economics and Finance (IJIEF) is a journal which is bianually issued (January and July) and initiated by International Program for Islamic Economics and Finance (IPIEF). The publisher of this journal is Universitas Muhammadiyah Yogyakarta. The publication of ...