Emergence of Shariah-Tech and Its Landscape
Fintech has changed the landscape of financial products and services in the twenty-first century for conventional and Islamic banking offerings. “Islamic fintech” is a new buzzword; and there has been a curiosity to understand what it is all about and does the fintech require to be categorized when it is Shariah neutral (not violating any Shariah rules). The application of fintech in Islamic finance or commonly known as Islamic fintech is following the footprints of Islamic finance, that is, to promote ethical responsible finance and social economic development of the society with the use of digital payments and mobile wallets. This chapter discusses the emergence of fintech innovation in the Islamic finance landscape.
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