Digitization of financial products in Islamic banks (Dimensions and effects of digitization of financial transactions on the performance of Islamic banks)
Keywords:
digitization, Islamic banks, Islamic financial products, financial technologyAbstract
This study aims to identify both the topic of digitization and its relationship to Islamic banks, and we tried to study the importance of digitization in facilitating financial operations in Islamic banks through digitizing financial products. In order to achieve the objectives of the study, the research was divided into axes in which we addressed the most important opportunities and challenges facing Islamic banks in digitizing. We tried to rely on the descriptive analytical approach to study the topic, and the research concluded that Islamic financial products can be digitized by relying on preparing a special environment for this in order to reach tangible results on the ground capable of competing with traditional banks.
References
Lakhdar Ben Said, Trends of Digital Transformation in Algeria and its Contribution to Sustainable Development, Journal of Horizons of Management and Economics Sciences, p. 316.Maha Khalil Shahada, Digital Transformation and Technology, Bayt Al-Mashura Magazine, Issue 17, p.3
Mohamed Mohamed El-Hadi, Digital Citizenship and Data Revolution in Light of the Fourth Industrial Revolution, Egyptian Society for Information Systems and Computer Technology, 2019, p. 7.
Sultan Safaa, Bin Dhaif Allah Muhammad Adnan, Requirements for Digitizing Islamic Finance Formulas Based on Financial Technology with Reference to Some Arab Countries and Malaysia, Journal of Financial Economics, Banking and Business Administration, Volume 13, Issue 01, 2024, p. 230.
A schertner, K, Digital Transformation of Business, Trakiajornal of sciences, 2017, p15.
Bukhari Fatna, The Reality of Applying Electronic Banking and Mechanisms for Activating It in Algerian Banks, Case Study of Algeria (2002-2017), Journal of Administrative and Financial Sciences, Volume 04, Issue 02, 2022, p. 132.
Abdul Karim Ahmed Qandouz, Financial Technologies and Their Applications in the Islamic Financial Industry, Arab Monetary Fund, 2019, p. 47.
Aisha BouThalja, Centralized Digital Currencies and Their Role in Reducing the Risks of Cryptocurrencies, Academy of Social and Human Studies, Issue 02, Volume 14, 2022, p. 47.
Ben AzzaHisham, Dalal Al-Abadi, Artificial Intelligence Applications in Financial Institutions as an Introduction to Activating Digital Financial Inclusion - An Analytical Study of International Experiences in the Field of Banking Digitization, Namaa Journal of Economics and Trade, Volume 06, Issue 02, 2022, p. 201.
Shushan Khadija, BouaouinaHamou, The Role of Digital Transformation in Improving the Services of Algerian Microfinance Banks - A Case Study of Al Salam Bank - Journal of Social Protection Research, Volume 04, Issue 01, 2023, p. 101.
Hamza Bin Sadfa, MarajJabara, Sustainable Banking as an Approach to Supporting Digital Transformation in the Banking Sector in Light of the Repercussions of the Corona Virus Pandemic, Studies and Research, Arab Journal of Research and Studies in Humanities and Social Sciences, Volume 13, Issue 05, 2021, p. 151.
Mohamed Bouatli, Developing Digital Governance as a Key Factor for Achieving Digital Transformation in Arab Countries: An Analytical and Classification Study Using the Hierarchical Cluster Analysis Technique During the Year 2022, Al-Muntada Journal for Economic Studies and Research, Volume 07, Issue 02, 2023, p. 97.
Moatasem Abdullah Al-Zayout, Digitization of Islamic Finance Formulas in Light of the Corona Crisis, Islamic Transactions Jurisprudence Research Center, 2020, p. 100.
Sami Mubaraki, SamiaMaqash, Islamic Finance in the Face of the Challenges of Digital Transformation and the Repercussions of the Corona Pandemic, Al-Asil Journal of Economic and Administrative Research, 2021, Issue 1, p. 168.
Khadija Iman Amarouche, Khadija Shushan, Islamic digital banks between importance and establishment requirements - a case study of Nomo Bank, Al-Ibdaa Magazine, Issue 01, 2022.
Nadia Jawdat, Digital Islamic Finance in Light of the Corona Crisis: Opportunities, Challenges and Future Prospects, Jordanian Journal of Islamic Studies, Volume 18, Issue 01, 2022,75.
Published
How to Cite
Issue
Section
Copyright (c) 2025 Fatma Zahra Sebaa, Tahir Djkhioua
This work is licensed under a Creative Commons Attribution 4.0 International License.
Allows users to: distribute and copy the article; create extracts, abstracts, and other revised versions, adaptations or derivative works of or from an article (such as a translation); include in a collective work (such as an anthology); and text or data mine the article. These uses are permitted even for commercial purposes, provided the user: gives appropriate credit to the author(s) (with a link to the formal publication through the relevant URL ID); includes a link to the license; indicates if changes were made; and does not represent the author(s) as endorsing the adaptation of the article or modify the article in such a way as to damage the authors' honor or reputation. CC BY
