Articles | Open Access | https://doi.org/10.37547/ijasr-05-04-09

Islamic Fintech – Future and Prospects

Alisher Urmanbekovich KHAZRATKULOV Senior Lecturer, Department of Oriental Languages, Oriental University, Uzbekistan Mumin Rajabovich BABAZHANOV Senior Lecturer, Department of ZAKT, International Islamic Academy of Uzbekistan, PhD, Uzbekistan Mansur Alisherovich Berdimurodov Senior Lecturer, Department of ZAKT, International Islamic Academy of Uzbekistan, PhD, Uzbekistan

Abstract

The article discusses the traditional financial system and its problems, the concept of Islamic fintech, its main characteristics and development directions. The application of modern information technologies in the Islamic financial system in accordance with Sharia law is analyzed, and the economic and social significance of Islamic fintech is emphasized. The limitations and prospects of Islamic fintech in the industry are also discussed.

Keywords

Islamic finance, fintech, Sharia

References

1. Sheikh Abdulaziz Mansur's Quranic commentary. – Tashkent State Islamic University

2. Golden series. 2nd half. Sahih al-Bukhari. – Tashkent: Hilol-nashr, 2016.

3. Golden series. 3rd half. Sahih al-Bukhari. – Tashkent: Hilol-nashr, 2013.

4. Iqbal, Z., & Mirakhor, A. (2011). An Introduction to Islamic Finance: Theory and Practice. John Wiley & Sons.

5. Cizakca, M. (2011). Islamic Capitalism and Finance: Origins, Evolution, and the Future. Edward Elgar Publishing.

6. Espinoza, R., & Prasad, A. (2017). Fintech and Islamic Finance: Digital Innovations and the Path to Inclusion. IMF Working Paper.

7. Islamic FinTech Alliance (2023). Global Islamic FinTech Report 2023.

8. Official website of Ethis Group: https://ethis.co.

9. Wahed Invest: https://wahedinvest.com.

10. PayHalal Official Website: https://payhalal.my.

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How to Cite

Islamic Fintech – Future and Prospects. (2025). International Journal of Advance Scientific Research, 5(04), 67-74. https://doi.org/10.37547/ijasr-05-04-09