The role of the fintech in enhancing financial inclusion in islamic banks: Case of the Arab countries

Abstract

The research aims to drmonstrade the role of financial technology in enhancing the use and availability of islamic financial services in Arab countries, through analyzing financial inclusion indicators and the mechanisms adopted by countries to develop islamic financial services through the Fintech companie. The research reached a set of results : first, there was a rapid growth of the banking activity and a high demand for islamic financial services in the region, secondly, a noticeable improvement in islamic finance indicators ( murabaha, modaraba, an increase in the volume of rental finanancing ) and services related to financial thchnology innovations, specially in the Gulf Cooperation Council Countries , on the other hand, there is a slowdown in usage in Algeria, Sudan, Mauritania, Iraq and Yemen. The use of fintech in developing and providing islamic financial services still faces challenges related to infrastructure, individuals’awareness and regulatory restrictions.