Islamic Banking And Finance : Prospect, Risk, And Challenges In Fintech Era

Author: Norhaziah Nawai, Safeza Mohd Sapian
Publisher : USIM Press
ISBN: 9789670001722
Page: 184 pp
Year: 2023
Price: RM46

Fintech, or financial technology that powers banking and financial services through the application of technology and innovation, is expected to rise three times as fast as traditional banking, reaching US$265 billion in revenues by 2025. This book attempts to bring forward discussions related to this rapid development of fintech and the digital era and its impact on various aspects of the Islamic banking and finance industry. The title of Islamic Banking and Finance: Prospects, Risks and Challenges in Fintech Era covers a wide range of discussions including consumer adoption of financial technology, human capital and talent competency, risk management in trade finance, small medium enterprises, corporate social responsibility in Islamic banks, agricultural sector, halal industry, microfinancing and tax treatment.

Technology is now threatening to reshape the competitive landscape and upend market shares in global banking and finance. In the coming decade, fintech is set to touch all areas of finance, stirring the next major stage of disruption throughout much of the banking value chain. The unstoppable growth of fintech development will definitely add all kinds of flavours to these areas of discussion. This book explores further the possible prospects, risks and challenges that industry players could face due to the growth.