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COVID-19 Challenges and the Role of Islamic Fintech

In: FinTech in Islamic Financial Institutions

Author

Listed:
  • Sitara Karim

    (University of Nottingham Malaysia Campus)

  • Mustafa Raza Rabbani

    (University of Bahrain)

  • Mamunur Rashid

    (Canterbury Christ Church University)

  • Zaheer Anwer

    (University of Management and Technology)

Abstract

COVID-19 has created massive havoc to the global operations and business processes and the uncertain economic conditions have made the world think about the abrupt solutions to tackle the problem efficiently. Islamic fintech has provided the world with innovative solutions to overcome the devastating impact of this pandemic. Against this backdrop, this study aims to investigate the effective solutions provided by Islamic fintech in the post-COVID period. The study mainly opted for the qualitative framework to carry out its research and provide workable solutions to the world offered by Islamic fintech in the post-COVID era. Various technological innovations compatible with Islamic finance have initiated a great deal of competition with its long-lasting and sustainable impact on the growth of the economies. The COVID period, which is still going on, is marked by substantial growth and development followed by the fintech innovations to address the demands of the customers. This study is expected to play a key role in promoting the Islamic fintech solutions to overcome the economic hazards created by the coronavirus pandemic.

Suggested Citation

  • Sitara Karim & Mustafa Raza Rabbani & Mamunur Rashid & Zaheer Anwer, 2022. "COVID-19 Challenges and the Role of Islamic Fintech," Springer Books, in: M. Kabir Hassan & Mustafa Raza Rabbani & Mamunur Rashid (ed.), FinTech in Islamic Financial Institutions, pages 341-356, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-14941-2_16
    DOI: 10.1007/978-3-031-14941-2_16
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    References listed on IDEAS

    as
    1. Mohammad Shahfaraz Khan & Mustafa Raza Rabbani & Iqbal Thonse Hawaldar & Abu Bashar, 2022. "Determinants of Behavioral Intentions to Use Islamic Financial Technology: An Empirical Assessment," Risks, MDPI, vol. 10(6), pages 1-13, May.
    2. Trad, Naama & Trabelsi, Mohamed Ali & Goux, Jean François, 2017. "Risk And Profi Tability Of Islamic Banks: A Religious Deception Or An Alternative Solution?," European Research on Management and Business Economics (ERMBE), Academia Europea de Dirección y Economía de la Empresa (AEDEM), vol. 23(1), pages 40-45.
    3. Huidong Sun & Mustafa Raza Rabbani & Naveed Ahmad & Muhammad Safdar Sial & Guping Cheng & Malik Zia-Ud-Din & Qinghua Fu, 2020. "CSR, Co-Creation and Green Consumer Loyalty: Are Green Banking Initiatives Important? A Moderated Mediation Approach from an Emerging Economy," Sustainability, MDPI, vol. 12(24), pages 1-22, December.
    4. Asmild, Mette & Kronborg, Dorte & Mahbub, Tasmina & Matthews, Kent, 2019. "The efficiency patterns of Islamic banks during the global financial crisis: The case of Bangladesh," The Quarterly Review of Economics and Finance, Elsevier, vol. 74(C), pages 67-74.
    5. Mohammad Haider Syed & Shahnawaz Khan & Mustafa Raza Rabbani & Yannis E. Thalassinos, 2020. "An Artificial Intelligence and NLP based Islamic FinTech Model Combining Zakat and Qardh-Al-Hasan for Countering the Adverse Impact of COVID 19 on SMEs and Individuals," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 351-364.
    6. Sitara Karim & Norlida Abdul Manab & Rusmawati Binti Ismail, 2019. "Legitimising the Role of Corporate Boards and Corporate Social Responsibility on the Performance of Malaysian Listed Companies," Indian Journal of Corporate Governance, , vol. 12(2), pages 125-141, December.
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