The Impact of Islamic Financial Technology (FinTech) Applications on Supporting Digital Transformation in Islamic Banks: 'A Case Study of Al Yaqeen Bank'
Keywords:
التكنولوجيا المالية الإسلامية, المصارف الإسلامية الرقمية, التحول الرقمي, تطوير الخدمات المصرفية, المصارف الاسلاميةAbstract
This study aimed to highlight the impact of Islamic financial technology (FinTech) applications on supporting digital transformation in Islamic banks, with a focus on the case study of Yaqeen Bank. To achieve this objective, the relevant theoretical literature on Islamic FinTech was reviewed, in addition to presenting some pioneering experiences in this field, which contributed to strengthening the theoretical framework of the study and clarifying the research gap. The study adopted a descriptive-analytical methodology, whereby a questionnaire was designed and distributed to a sample of employees and officials of Yaqeen Bank in the Tripoli and Zliten branches. Data were analyzed using the SPSS statistical program. The central research problem revolved around the following main question:
What is the impact of Islamic financial technology applications on achieving digital transformation in Libyan Islamic banks? To address this question, the study was guided by the following main hypothesis: There is no statistically significant effect at the significance level (α ≤ 0.05) of Islamic financial technology applications on digital transformation in Islamic banks. The findings revealed the existence of a statistically significant relationship between the adoption of Islamic financial technology applications and digital transformation in Libyan Islamic banks, indicating that these applications effectively contribute to improving operational efficiency, developing banking services, and enhancing competitiveness. The study concluded with several recommendations, the most important of which are:
- Strengthening the efforts of Islamic banks in Libya to reduce reliance on traditional manual systems.
- Accelerating the transition towards digital automation through investment in Sharia-compliant FinTech applications.
- Developing the technological infrastructure to support the sustainability of digital transformation
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