Islamic Fintech: Insights and Solutions

ISBN-13: 9783030458294 / Angielski / Miękka / 2022 / 512 str.

Billah, Mohd Ma'sum

Opis

This timely book addresses the effects and implications of rapid technological changes within the financial services industry on Islamic finance and Islamic banks. Exploring current challenges, opportunities and threats, the authors provide an overview of how FinTech can operate within an Islamic context, under the Shari’ah principles or the Halal framework, for example. Examining the potential opportunities of Islamic FinTech from a socio-economic perspective, this edited collection will be of use to anyone researching FinTech or Islamic Finance as well as practitioners and policy-makers involved in banking and financial services.

Spis treści

 Introduction

Chapter 1: Fintech’s World View

Uniqueness and Emergence of i-Fintech in the Contemporary Reality

I-Fintech: Its Realization and Impact in Reality

Global phenomena of i-Fintech and its World view

SWOT Analysis of i-Fintech

Fintech vs i-Fintech- A Dichotomy

 

Chapter 2: Laws and Policies

Rules of Maqasid al-Shari’ah Governing Fintech

Fatwa Analysis on Fintech

Laws and Policies Governing i-Fintech

Central Banks and Financial Authorities towards the advancement of i-Fintech

Legal Consequences for the violation of i-Fintech rules

Dispute Resolution in i-Fintech

Judicial Procedures in treating i-Fintech

 

Chapter 3: Technology and Mechanisms

I-Fintech in Blockchain and its smart contracts Paradigm

I-Fintech and its Cyber Functions

Data Protection in i-Fintech

Cyber Securities in i-Fintech

 

Chapter 4: Products and Practical Techniques

I-Fintech: Its Prerequisites for Product Development

I-Fintech: Its Product Innovation Mechanisms

Operational Mechanisms of Islamic Crypto currency

Digital Management Techniques of Zakat, Waqf and Tabarru’at

Digital Swap technique in the Islamic financial platform

E-Wealth Management and its Halal techniques                                                                                                       

Mobile personal financial planning techniques within the spirit of Shari’ah

I-corporate Crowdfunding mechanisms

Humanitarian i-Crowdfunding techniques

I-Fintech and Its Smart Techniques in the Sustainable Development Growth (SDG)

Halal Standard of e-Wallet

Shari’ah Techniques in e-Banking

I-Fintech: Its Investment techniques and Smart Management

I-Dinar Model and Operational Techniques

Digital i-Payment Model and its Techniques

Mobile Payment Model for the Hujjaj and Mu’tamireen

Digital trading techniques in Halal Stocks

Halal Standard of e-Commerce

E-billing techniques and their Shari’ah Postulate

Halal Crypt-payment Techniques

 

Chapter 5: Risk Factors and Takaful Solutions

Risk Experiences in Fintech industries

Risk Factors in Fintech

Risk Minimization in Fintech: Its Takaful Solution

 

Chapter 6: Case Studies - Shari’ah Screening and Recommendation

Fintech-a MENA Experience and its Shari’ah Screening

Fintech-an African Experience and its Shari’ah Screening                                                                                                                                                                                       

Fintech-an ASEAN Experience and its Shari’ah Screening                                                                                   

Fintech-a SARC experience and its Shari’ah Screening

Fintech- an Experience in the West and its Shari’ah Screening  

Fintech-an Asia Pacific Experience and its Shari’ah Screening                                                                                                                                                                                                                                                                                                                         

 

Chapter 7: Professional Development Strategic Plan

i-Fintech: Its Literature Review and Future Research Directions

i-Fintech: Its Professional Development Curriculum

i-Fintech: Its Professional Development Strategies and Action Plan

 

Chapter 8: Challenges and the Way Forward

Challenges in i-Fintech                                                                                    

Impact of Challenges in i-Fintech

I-Fintech: Its Way Forward to Reality and Realization 

O autorze

Mohd Ma’Sum Billah is a Professor of Finance, Insurance, FinTech and Investment at the Islamic Economics Institute of King Abdul Aziz University, Kingdom of Saudi Arabia. He is an internationally renowned Islamic finance scholar. He has served and contributed to academia and corporate industries for over 20 years providing management, teaching, research and problem-solving, particularly in the areas of Islamic finance and insurance (Takaful), and the Halal standard. Mohd has published 32 books and chapters in books as well as over 200 articles in journals and on social media. He has presented at numerous conferences, seminars, executive workshops and industrial training sessions around the globe. In addition, he has been affiliated with various companies, universities and financial institutions including central banks, international corporate organisations, governments and NGOs in his capacity as a member on boards, an advisor, a strategic decision-maker and a reformer with a strategic solution-provider. His areas of interest include Islamic finance and insurance (Takaful), crowdfunding, investment, Waqf, capital markets (Sukuk), social finance, the SDGs and FinTech.