Fintech, digital currency and the future of Islamic finance strategic regulatory and adoption issues in the Gulf Cooperation Council
The banking and financial landscape has been inundated with technology over the last decade, with FinTech, InsurTech and RegTech being just some of the new applications within finance. In the Gulf Cooperation Council (GCC), FinTech is yet to find its feet despite several digital transformation driv...
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| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
Cham, Switzerland
Palgrave Macmillan
2021
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| Online Zugang: | Inhaltsverzeichnis |
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Tag hinzufügen | Zusammenfassung: | The banking and financial landscape has been inundated with technology over the last decade, with FinTech, InsurTech and RegTech being just some of the new applications within finance. In the Gulf Cooperation Council (GCC), FinTech is yet to find its feet despite several digital transformation drives initiated by the regional governments in the UAE and Bahrain. In comparison to conventional finance, the use of FinTech within Islamic financial institutions (IFIs) in GCC countries is still in its very early stages. However, the potential disruption that technology may cause for the Islamic finance sector within this region cannot be underestimated. Aiming to highlight, examine and address key strategic, operational and regulatory issues facing IFIs as they make an effort to keep up with the FinTech revolution, this book explores the market positioning, product structure and placement, delivery channels and customer requirements within the GCC market. The authors evaluate the current situation and look forward to future regulation surrounding technology and financial institutions within the GCC. Scholars and students researching Islamic finance and financial technology will find this book an insightful and valuable read, as well as those interested in international finance more generally. 1. Introduction: FinTech and Islamic Finance in the Gulf Cooperation Council (GCC); Nafis Alam and Syed Nazim Ali -- 2. A Critical Analysis of Bitcoin from an Islamic Legal Perspective; Farrukh Habib -- 3. Combining Islamic Equity Portfolios and Digital Currencies: Evidence from Portfolio Diversification; Abdelkader O. El Alaoui, Amina Dchieche and Mehmet Asutay -- 4. The Application of Smart Contracts to Murabahah Home Financing: Towards an Integrated Model; Mohamed Cherif El Amri, Mustafa Omar Mohammed and Ruslan Sabirzyanov -- 5. The Application of FinTech in Microtakaful as a Means of Digital Financial Inclusion: Insights from the GCC; Muhammad Ashfaq and Najeeb Zada -- 6. Gharar Free Rebittance: Powered by Blockchain; Lokesh Gupta -- 7. Regulatory Issues in Cryptocurrency Usage; Abdolhossein Zameni and Nafis Alam -- 8. Beyond the Jurisprudential Quagmire: Perspectives on the Application of Digital Currencies and Blockchain Technology in Islamic Economics and Finance; Evren Tok -- 9. Does FinTech Revolution Lead to the Disintermediation of Banks? A Study into Islamic Bank Income; Ruhaini Muda, Mohd Saifulizwan Mohd Lateff, Roshayani Arshad, Arif Azhan Rashdan, Ibrahim Abiodun Oladapo and Jaizah Othman -- 10. Utilising Blockchain Technology for Post-trade Securities Settlement: A Framework for Islamic Capital Markets in the GCC Region; Leisan Safina and Umar A. Oseni -- 11. Any Luck with Bitcoin in Saudi Arabia?; Umara Noreen, Zaheer Ahmad, Ohoud Saud Mohammed Alfirm and Nouf Ahmad Hamad Alhomoudi -- 12. Strategic Assessment of Islamic FinTech in GCC Countries; Tariq Gulrez. |
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| Beschreibung: | xix, 246 Seiten Illustrationen |
| ISBN: | 9783030492472 978-3-030-49247-2 |