Financial technology services and tools in Islamic banks

Abstract

This study aims to shed light on the reality of the application of financial technology in Islamic banks. The importance of this topic stems from the reality of financial and technical developments and innovations witnessed in the global financial arena. The study highlights the various applications of financial technology that can serve as a tool for digital transformation and it also shows that these financial technologies can offer a range of financial services that results from Islamic banking.

This study reaches a set of conclusions, the most important one is as follows: the adoption of financial technology tools by Islamic banks is inevitable compared to the adoption of the traditional applications of these tools, so the Islamic banks must keep pace with the financial innovations achieved in order to ensure continuity and development.