Beam Journal of Economic Studies
Volume 8, Numéro 2, Pages 427-442
2024-09-15

Modern Payment Systems As A Strategic Direction For Islamic Banks In Order To Promote Financial Integration - Buna Platform For Arabic Payments As A Model-

Authors : Ali Fedila Nassira . Nemer Rabiha .

Abstract

The study aims to highlight the orientation of Islamic banks towards enhancing their financial integration through dealing with the "Buna" platform for Arabic payments as one of the modern cross-border payment systems that seek to develop opportunities for economic and financial integration between Arab countries. Through the study, we came to the positive support of Islamic banks for the main goals that the "Buna" platform seeks to achieve, where a significant percentage of them went to join it to embody the digital transformation strategies adopted to help it achieve its financial integration and contribute to supporting economic development in the Arab region.

Keywords

Financial integration ; Islamic banks ; Modern payment systems ; Buna platform.