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Islamic Fintech, Blockchain and Crowdfunding: Current Landscape and Path Forward

In: FinTech in Islamic Financial Institutions

Author

Listed:
  • M. Kabir Hassan

    (University of New Orleans)

  • Mustafa Raza Rabbani

    (University of Bahrain)

  • Mamunur Rashid

    (Canterbury Christ Church University)

  • Irwan Trinugroho

    (Universitas Sebelas Maret)

Abstract

The new age Fintech-driven innovative financial services started with the fourth industrial revolution and COVID-19 has stimulated supreme innovation in the global financial services industry. It is the young and millennial population driving these innovations and startups are responding, as there are more than 15,000 startups and global Fintech-based transaction crossed $6.308 Billion by the year 2020. Islamic finance industry has experienced an unprecedented growth, partly due to incremental investment in Fintech-based financial intermediation. Two most commonly cited high growth areas for Islamic finance lie within blockchain and crowdfunding. This study provides an advanced overview of the Islamic Fintech, blockchain and crowdfunding; their current landscape; and path forward. We discuss opportunities for Islamic financial institutions and a clear roadmap to capitalize on those opportunities.

Suggested Citation

  • M. Kabir Hassan & Mustafa Raza Rabbani & Mamunur Rashid & Irwan Trinugroho, 2022. "Islamic Fintech, Blockchain and Crowdfunding: Current Landscape and Path Forward," Springer Books, in: M. Kabir Hassan & Mustafa Raza Rabbani & Mamunur Rashid (ed.), FinTech in Islamic Financial Institutions, pages 307-340, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-14941-2_15
    DOI: 10.1007/978-3-031-14941-2_15
    as

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