Assessment of the Competitiveness of Islamic Fintech Implementation: A Composite Indicator for Cross-Country Analysis

Sofya G. Glavina · Irina A-Z. Aidrus

46 citations0/0 files storedJournal of risk and financial management

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Islamic Finance and Banking Studies FinTech, Crowdfunding, Digital Finance Islamic Finance and Communication

Abstract

Islamic fintech is growing fast, especially in the Organisation of Islamic Cooperation (OOIC) member countries. In recent years, it has become one of the driving forces for the Islamic financial industry. Though the pandemic negatively affected global financial business, including conventional and Islamic segments, Islamic fintech has continued its steady development. i-Fintech increases access to Islamic financial services and financial inclusion in general to provide ESG-rich investment opportunities. The rise of Islamic fintech can help countries become financial hubs and promote sustainable development goals. This paper is aimed at designing an original composite indicator of the competitiveness of Islamic fintech adoption in order to perform a comprehensive assessment of the competitive advantages that are being used across various countries. The research methodology includes data for 65 countries where Islamic fintech companies are represented. We analysed 31 variables describing the development of Islamic financial technologies in each country and combined them into five categories included in the composite indicator. Key factors that determine the development of Islamic financial technologies in different countries around the globe are singled out. The economies with the highest scores are analysed to define their strengths and weaknesses. The practices of the leading countries that address identified vulnerabilities are described.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 46 citations exist upstream.

References

2020FinTech, Blockchain and Islamic Finance: An Extensive Literature Review 2021Exploring the Role of Islamic Fintech in Combating the Aftershocks of COVID-19: The Open Social Innovation of the Islamic Financial System 2020Fintech and Islamic Finance: Literature Review and Research Agenda 2020Challenges for the Islamic Finance and banking in post COVID era and the role of Fintech 2019Fintech and Its Potential Impact on Islamic Banking and Finance Industry: A Case Study of Brunei Darussalam and Malaysia 2015Bitcoin in Islamic Banking and Finance 2018Blockchain, Fintech, and Islamic Finance 2021Financial Transactions Using FINTECH during the Covid-19 Crisis in Bulgaria

Cited by

2023Digitalization and sustainable development goals in emerging Islamic economies 2023Sharia Economy, Islamic Financial Performance and Factors That Influence It—Evidence from Indonesia 2025The Gap Between the FinTech Education and the industrial needs: The Case of Bahrain 2025Role of financial technology (FinTech) innovations in driving sustainable development: a comprehensive literature review and future research avenues

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.