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An Assessment of Level of Adoption of Fintech in Islamic Banks in the MENA Region

In: FinTech in Islamic Financial Institutions

Author

Listed:
  • M. Kabir Hassan

    (University of New Orleans)

  • Somar Al-Mohamed

    (American University of the Middle East)

  • Mustafa Raza Rabbani

    (University of Bahrain)

  • Ammar Jreisat

    (University of Bahrain)

Abstract

As the presence of Fintech in financial services industry is growing, its impact on various stakeholders is hard to ignore. Two of the most important stakeholders are the financial institutions, particularly banks, and the users of the financial services—the customers. Traditional financial institutions are reinventing their products and services by collaborating with the Fintech companies. In return, customers are getting more innovative, accessible, quality products and services at a competitive rate. This chapter attempts to find out the impact of this disruptive technology on the providers of financial services by using secondary data. The present study is equally exploratory and descriptive in nature. Results help explore the level of Fintech adoption among the Islamic banks from the MENA region. The findings of the study reveal that the adoption of Fintech in MENA region by Islamic banks is still at the nascent stage.

Suggested Citation

  • M. Kabir Hassan & Somar Al-Mohamed & Mustafa Raza Rabbani & Ammar Jreisat, 2022. "An Assessment of Level of Adoption of Fintech in Islamic Banks in the MENA Region," Springer Books, in: M. Kabir Hassan & Mustafa Raza Rabbani & Mamunur Rashid (ed.), FinTech in Islamic Financial Institutions, pages 223-242, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-14941-2_11
    DOI: 10.1007/978-3-031-14941-2_11
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