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Fintech, Digitalization and Blockchain in Moroccan Islamic Banks: Towards a Roadmap for the Future
[Fintech, digitalisation et blockchain dans les banques islamiques marocaines : vers une feuille de route pour l’avenir]

Author

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  • Salma Arabi

    (ENCGS - Ecole Nationale de Commerce et de Gestion de SETTAT)

Abstract

The growing integration of fintech, digitalization and blockchain is transforming the Islamic banking landscape, with the promise of more efficient, transparent and accessible banking services. However, to fully realize this potential, several significant challenges must be overcome. These challenges include navigating a complex regulatory environment to ensure compliance with Sharia ethical standards, strengthening the security of financial transactions in a digital environment, quickly adapting existing infrastructure to new technologies, as well as raising awareness and training staff in innovative tools while preserving the values of Islamic finance. Our study aims to assess the potential impact of fintech technologies, digitalization and blockchain on Islamic banks in Morocco. We will explore the potential challenges associated with this integration and provide a detailed roadmap for effective adoption of these technologies. This roadmap will include essential strategic and operational recommendations to guide Moroccan Islamic banks in this crucial transition towards more modern and competitive services, while maintaining their commitment to the ethical and religious principles of Islamic finance.

Suggested Citation

  • Salma Arabi, 2024. "Fintech, Digitalization and Blockchain in Moroccan Islamic Banks: Towards a Roadmap for the Future [Fintech, digitalisation et blockchain dans les banques islamiques marocaines : vers une feuille d," Post-Print hal-04644039, HAL.
    • Handle: RePEc:hal:journl:hal-04644039
    DOI: 10.5281/zenodo.12670761
    Note: View the original document on HAL open archive server: https://hal.science/hal-04644039
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    References listed on IDEAS

    as
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    3. Zamir Iqbal & Abbas Mirakhor, 2017. "Ethical Dimensions of Islamic Finance," Palgrave Studies in Islamic Banking, Finance and Economics, Palgrave Macmillan, number 978-3-319-66390-6, June.
    4. Chris Freeman & Luc Soete, 1997. "The Economics of Industrial Innovation, 3rd Edition," MIT Press Books, The MIT Press, edition 3, volume 1, number 0262061953, April.
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    Keywords

    Fintech digitalization blockchain Moroccan Islamic banks challenges roadmap; Fintech; digitalization; blockchain; Moroccan Islamic banks; challenges; roadmap;
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