Dawood Hatim, Al Zadjali Dr Fatin, Al Rawahi Mohammed, Karim Dr Sitara, Hazik Dr Mohamed
Faculty of Business and Management, UCSI University, Kuala Lumpur, 56000, Malaysia.
College of Banking and Financial Studies, Muscat, Muscat, 112 Ruwi, Oman.
F1000Res. 2022 Mar 18;11:329. doi: 10.12688/f1000research.109400.1. eCollection 2022.
This systematic literature review (SLR) study is on Islamic financial technology (FinTech) business trends and challenges. It follows the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) checklist. This research identifies the gaps in Islamic FinTech, which require further studies. Moreover, it highlights the issues raised during the coronavirus disease 2019 (COVID-19) pandemic. This study is based on the FinTech business model (BM) classifications by Lee & Shin and Imerman & Fabozzi. Furthermore, the set of challenges used in this study are adopted from research by Lee & Shin and Li & Xu. The Scopus database was used to collect data using nine keywords. Articles and review papers published between 2016 and 2022 were included. Studies that were not published in English, and those with no ranking journals were excluded. The results were presented using bibliometric analysis. The results showed 36 articles discussing Islamic FinTech business trends and challenges, and most of these studies are conducted on FinTech crowdfunding vertical BM. By contrast, the most dominant horizontal BMs are FinTech regulation and FinTech funding BMs. The top challenge found in this study is the regulation management challenges. Moreover, there are remarkable dominating articles and reviews published in 2020 and 2021 discussing COVID-19. This study concluded that many horizontal BMs were not covered in Islamic FinTech, especially horizontal technology BMs. Investment, property and insurance BMs are examples of unavailable articles. Islamic FinTech is considered a promising field due to the size of the opportunities it presents, the available capital, and the great demand for banking and financial products that comply with the Sharia. This study will help the Islamic FinTech industry grow and predict the demand, and provide an alternative to conventional banking FinTech and further boost the technology progress in the financial industry.
本系统文献综述（SLR）研究聚焦于伊斯兰金融科技（金融科技）的商业趋势与挑战。它遵循系统评价和Meta分析的首选报告项目（PRISMA）清单。本研究识别出伊斯兰金融科技领域中需要进一步研究的差距。此外，它还突出了2019年冠状病毒病（COVID - 19）大流行期间出现的问题。本研究基于Lee & Shin以及Imerman & Fabozzi的金融科技商业模式（BM）分类。此外，本研究中使用的一系列挑战取自Lee & Shin以及Li & Xu的研究。使用Scopus数据库通过九个关键词收集数据。纳入了2016年至2022年期间发表的文章和综述论文。未以英文发表的研究以及没有排名期刊的研究被排除。结果通过文献计量分析呈现。结果显示有36篇文章讨论了伊斯兰金融科技的商业趋势与挑战，其中大部分研究是针对金融科技众筹垂直商业模式进行的。相比之下，最主要的横向商业模式是金融科技监管和金融科技融资商业模式。本研究中发现的首要挑战是监管管理挑战。此外，在2020年和2021年有大量关于COVID - 19的主导性文章和综述发表。本研究得出结论认为，伊斯兰金融科技未涵盖许多横向商业模式，尤其是横向技术商业模式。投资、房地产和保险商业模式就是未找到相关文章的例子。由于伊斯兰金融科技所呈现的机会规模、可用资金以及对符合伊斯兰教法金融和银行产品的巨大需求，它被视为一个有前景的领域。本研究将有助于伊斯兰金融科技行业的发展并预测需求，为传统银行金融科技提供替代方案，并进一步推动金融行业的技术进步。
