Is Islamic FinTech coherent with Islamic banking? A stakeholder's perspective during COVID-19.

ABSTRACT: The prime purpose of this study is to investigate the impact of Islamic fintech in the Islamic banking sector through a stakeholder approach in the wake of the COVID-19 pandemic. Through self-administered questionnaires, the study collected the data of 1000 respondents for seven categories of stakeholders directly or indirectly associated with Islamic banking and Islamic finance in Pakistan. The stakeholders include the local community, customers, managers of Islamic banks, depositors, employees, regulatory officials, and advisers of Sharia (Islamic Law). The findings indicate that respondents revealed a keen interest in Islamic banking and Islamic fintech, particularly during and post-COVID-19 and believed that Islamic banks must not be considered as profit-oriented organizations. Rather

SUBMITTER: Karim S 

PROVIDER: S-EPMC9468391 | biostudies-literature | 2022 Sep

REPOSITORIES: biostudies-literature