BEZOUI Oumaima, YERROU Hafssa. "The Use of Technology in Sukuk Field - Analysis of the Existent and New Ventures Assessment" International Research Journal of Economics and Management Studies, Vol. 3, No. 11, pp. 86-89, 2024.
Fintech has come with several disruptive technologies that changed the way several financial and banking services and products are delivered. It has also widened the scope of users, and investment instruments such as sukuk have become within the reach of all investors through blockchain technology. Crowdfunding platforms and investing platforms have also made funds available for all fundraisers. In this article, we answer the focal question: How does technology benefit the field of Islamic Finance and, more precisely, the field of sukuk? To answer this question, we focus on presenting the existing applications of fintech in Islamic finance. We also analyze and propose new ways of using these disruptive technologies to better use Islamic financial instruments and widen the scope of their use and thus achieve another milestone in Islamic finance development.
[1] Adil, M., Hoogendoorn, H. J., & Jumat, Z. H. (2023). Sukuk Innovation: Powering Sustainable Finance. In Z. H. Jumat, S. Hafiz Khateeb, & S. Nazim
Ali (Eds.), Islamic Finance, FinTech, and the Road to Sustainability: Reframing the Approach in the Post-Pandemic Era (pp. 145–158). Springer
International Publishing.
[2] Alam, Gupta and Abdolhossein Zameni, 2019. Fintech and Islamic Finance, Palgrave Macmillan, p187.
[3] Aysan, A. F., & Unal, I. M. (2021). Is Islamic Finance Evolving into Fintech and Blockchain: A Bibliometric Analysis. Efil Journal of Economic
Research.
[4] Bezoui, O. and Yerrou, H. (2020). Blockchain and smart sukuk: New determinant of development of the sukuk market (p. 7).
[5] Bezoui, O. and Yerrou, H. (2021). An Overview of Sukuk Issuance and Their Contribution In Economic Empowerment. AZKA International Journal of
Zakat & Social Finance, 33–48.
[6] Faizdnor, F., & Mohamad, M. (2023). Safeguarding Stability: A Conceptual Note of the Resilience Dimensions in Islamic Banks. European Proceedings
of Social and Behavioural Sciences, Building a Sustainable Future: Fostering Synergy Between Technology, Business and Humanity.
[7] Fisol, W. N. bin M., & Saad, M. A. bin . (2021). Rebuilding the National Economy by Issuance of The First Malaysia Digital Sukuk (Sukuk Prihatin)
And Its Distribution Through Fintech Services: A View from The Perspective of Maqasid Al-Shari’ah. The Journal of Contemporary Issues in Business
and Government, 27(1), 2771–2778. Retrieved from https://cibgp.com/au/index.php/1323-6903/article/view/751
[8] Goyal, P., Chakrabarti, A. (2022). Banking the Unbanked: The Fintech Revolution. In: Kuo, YH., Fu, Y., Chen, PC., Or, C.Kl., Huang, G.G., Wang, J.
(eds) Intelligent Engineering and Management for Industry 4.0. Springer.
[9] Haddad, C., Hornuf, L. 2019. The emergence of the global fintech market: economic and technological determinants. Small Bus Econ 53, 81-105.
[10] Harris Irfan and Daniel Ahmed in Oseni, U., & Ali, S. (2019). Fintech in Islamic Finance: Theory and Practice. (n.d.).)
[11] Mora-Cruz, A., & Palos-Sanchez, P. R. (2023). Crowdfunding platforms: A systematic literature review and a bibliometric analysis. International
Entrepreneurship and Management Journal, 19(3), 1257–1288.
[12] Oseni, U., & Ali, S. (2019). Fintech in Islamic Finance: Theory and Practice.
[13] Prior and Santomá, Banking the Unbanked Using Prepaid Platforms and Mobile Telephones in the United States (January 1, 2010). IESE Business
School Working Paper No. 839.
Crowdfunding, Disruptive technology, Fintech, Islamic Finance, sukuk, Waqf Sukuk.