From Tradition to Innovation: Future of Islamic Fintech in Asia

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From Tradition to Innovation: Future of Islamic Fintech in Asia

P. 351–358.

This article analyzes the emergence of Islamic financial technology solutions in Asia and their potential impact on economic growth and development in the region. The analysis is based on research questions related to the drivers and barriers to the development of Islamic fintech, the technologies used to support this trend, and its potential economic impact. The results of the study show that Islamic fintech has the potential to increase financial inclusion, access to capital, entrepreneurship and innovation. At the same time, the analysis also shows that there are challenges related to lack of awareness, legal environment, competition with conventional financial institutions. institutions. The article concludes by emphasizing the importance of of innovation and technological change in order to achieve sustainable and inclusive economic development in Asia.

Language: English

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