Digitalization of Islamic Finance

The integration of technology into Islamic finance is a topic of growing interest, with a focus on promoting inclusive and progressive financial systems. The use of technology, such as blockchain, is being considered to enhance the inclusivity and progressiveness of Islamic finance. However, the transition from conventional to Islamic banking systems presents operational challenges, and the industry is still working on standardizing Islamic financial instruments. Despite the rapid expansion of Islamic finance, there are ongoing debates about its efficiency and the need for further progress in all areas of Islamic finance. Digitalization of Islamic Finance provides theoretical frameworks and the latest empirical research findings in the area of Islamic finance to promote inclusive and sustainable financial systems aligned with Islamic principles and to support the achievement of the Sustainable Development Goals (SDGs). This involves enhancing the efficiency, accessibility, and impact of Islamic finance through the integration of technology, standardizing Islamic financial instruments, and increasing awareness among various stakeholders. Covering topics such as blockchain technology, financial technologies (FinTech), and public perceptions, this book is an excellent resource for professionals, researchers, practitioners, academicians, businessmen, entrepreneurs, policymakers, and graduate and postgraduate students.