Islamic Finance in the Modern Era: Digitalization, FinTech and Social Finance (Islamic Business and Finance Series)

This book focuses on recent developments in financial technology: specifically, how FinTech affects the Islamic finance industry.It examines the challenges of Shariah compliance and explores opportunities for riba-free finance. The book describes contemporary FinTech solutions, investigating their relation to Islamic financial institutions.It outlines the current status of Islamic FinTech, arguing that it can provide Shariah-compliant innovative financial services to bridge the gap and compete with or complement conventional finance.Islamic FinTech can play a transformational role in making Islamic finance more accessible to a wide range of audiences and can also support the SME sector, which has been significantly impacted by the fallout of the COVID-19 pandemic.First, the book addresses thematic issues in Islamic finance, including its role in poverty eradication, elevating SMEs, and the Islamic digital economy.Second, it examines Shariah-compliant instruments in Islamic finance.The