مجلة إضافات إقتصادية
Volume 8, Numéro 2, Pages 712-731
2024-09-30

The Role Of Islamic Financial Technology In Supporting And Developing The Work Of Islamic Financial Institutions

Authors : Tiouane Hamza .

Abstract

The study aims to shed light on financial technology (FinTech) and its role in supporting Islamic financial institutions. The descriptive method was adopted to understand the theoretical literature on the two variables, along with the analytical method to explore developments in the services provided by FinTech to Islamic financial institutions. The study concluded that FinTech significantly and prominently contributes to enhancing the performance growth of Islamic financial institutions. This is achieved through the advanced legitimate digital financial services offered by FinTech companies, which have improved the quality of financial services provided by these institutions, reduced their cost burdens, and supported their competitiveness in the market.

Keywords

Islamic financial institutions; Financial technology (FinTech); Islamic financial services.