Univesality of Islamic Fintech: Surely or Fantasy?

Authors

  • Imama Zuchroh Malangkuçeçwara School of Economics, Malang, east Java, Indonesia, Indonesia

DOI:

https://doi.org/10.29040/jiei.v7i3.3170

Keywords:

technology, economic system, sharia fintech

Abstract

This study moves on from the question of whether the Islamic financial system will be able to detect the conventional economic system? Of course, with various data on transaction volume that continues to increase over time from financial industry products that have been labeled sharia such as Sharia stocks, Islamic bonds or sukuk, and Islamic mutual funds the question will easily find the answer. And when the latest industrial revolution also changed the map of the financial industry with the development of technology and information to give birth to financial technology that is so phenomenal. So can sharia fintech a marriage between technology and islamic moral concepts become an instrument of global financing in the future? With qualitative methodology and descriptive approaches to various references to financial technology as a source of data, and the growth of Islamic fintech in non-Muslim countries that are increasingly boisterous in developing Sharia fintech, then the richness of Sharia fintech in this world, surely or just a fantasy?

References

Alharbi, A. (2015). Development of the Islamic Banking System. Journal of Islamic Banking and Finance, 3(1), 12–25. https://doi.org/10.15640/jibf.v3n1a2

Bank, W. (n.d.). The Global Findex Database 2017. Globalfindex.Org. Retrieved August 28, 2021, from https://globalfindex.worldbank.org/basic-page-overview

cgap.org. (2019). China: A Digital Payments Revolution. Cgap.Org. https://www.cgap.org/research/publication/china-digital-payments-revolution

Daradkah, D., Aldaher, A. A., & Shinaq, H. R. (2020). Islamic financial literacy: Evidence from Jordan. Transition Studies Review, 27(2), 109–123. https://doi.org/10.14665/1614-4007-27-2-009

Dbs.com. (2020). Perbankan Dunia Digital Pilihan Atau Kebutuhan? https://www.dbs.com/newsroom/Perbankan_di_dunia_digital_pilihan_atau_kebutuhan

Global Islamic Fintech Report. (2021). Global Islamic Fintech Report. Cdn.Salaamgateway.Com, 56. https://cdn.salaamgateway.com/special-coverage/islamic-fintech-2021/Global-Islamic-Fintech-Report-2021-Executive-Summary.pdf

Ichi.pro. (2020). Fintech Membangun Bank Of Future. https://ichi.pro/id/fintech-sedang-membangun-banks-of-the-future-92002231400740

Inayati, A. A. (2015). Pemikiran Ekonomi M. Umer Chapra. Islamic Economics Journal, 2(1), 1–18.

Istifadhoh, N., & Mufidhoh, H. (2021). SHARIA FINTECH AS AN INSTRUMENT OF NATIONAL ECONOMIC RECOVERY AMID THE COVID-19 PANDEMIC. 8(2), 66–77.

King, B. (2018). Bank 4.0: Banking everywhere, never at a bank. MARSHALL CAVENDISH INTNL ASIA.

Klaus Schwab. (2016). The Fourth Industrial Revolution. World Economic Forum.

Nur kholis. (2017). Potret Perkembangan Dan Praktik Keuangan Islam Di Dunia. Jurnal Studi Agama, Universitas Indonesia., Vol. XVII,(1,), hal. 81. https://doi.org/10.20885/millah.vol17.iss1.art1

OJK. (2021). Daftar Penyelenggara Fintech Lending Hingga 27 Juli 2021.

Perry, F. V, & Ph, D. (2011). Globalization of Islamic Finance : Myth or Reality ? International Journal of Humanities and Social Science, 1(19), 107–119.

Russel, B. (2014). James Watt Making The World ANew (1st ed.). Reaktion Books.

State of the Global Islamic Economy Report. (2019). State of the global islamic economy report: Driving the islamic economy revolution 4.0. Dubai International Financial Centre, 1–174. https://cdn.salaamgateway.com/special-coverage/sgie19-20/full-report.pdf

Ulya, F. N. (2021). Tahun Ini, BNI Berencana Tutup 96 Kantor Cabang. https://money.kompas.com/read/2021/05/07/080142326/tahun-ini-bni-berencana-tutup-96-kantor-cabang?page=all

Varga, D. (2018). Fintech , the New Era. Budapest Management Review, December, 22–33.

Warde, I. (2010). Islamic finance in the global economy. Islamic Finance in the Global Economy. https://doi.org/10.5860/choice.48-7050

Downloads

Published

03-11-2021

How to Cite

Zuchroh, I. (2021). Univesality of Islamic Fintech: Surely or Fantasy?. Jurnal Ilmiah Ekonomi Islam, 7(3), 1505–1510. https://doi.org/10.29040/jiei.v7i3.3170

Citation Check

Similar Articles

1 2 3 4 5 6 7 8 9 10 > >> 

You may also start an advanced similarity search for this article.