EAN: 9781547417124

BLOCKCHAIN FINTECH AND ISLAMIC FINANCE - HAZIK ...

While creating new forms (Shari'ah-compliant standards) to operationalize Islamic values and
ethics into the current conventional economic system and banking products is crucial to sustain
the Islamic economy as it is today  we also need to develop new strategies to cope with the
next economic evolution. The digital revolution in financial services is under way  and digital
disruption has the potential to shrink the role and relevance of today's banks  while
simultaneously creating better  faster  cheaper services that will be an essential part of
everyday life. This forward-looking book discusses the crucial innovation  structural and
institutional development for financial technologies (fintech) in Islamic finance. The authors
explain concepts in fintech and blockchain technology and follow through with their
applications  challenges and evolving nature. The book provides insights into technology which
will enable and enhance actual prescribed Islamic behaviors in modern economic transactions.
Case studies highlight how to cope with modern transactional behavior with the advent of global
online mobile markets  shorter attention spans  and impersonal trade exchange.

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