Islamic Shari'a is the legal and ethical framework based on Islamic principles, governing aspects of life including finance, family, and societal conduct, derived from the Quran and Hadith. In finance, it emphasizes ethical transactions and prohibits interest.
Published in Chapter:
The Rise of AI in Middle Eastern Fintech With the Case Studies From the UAE and Turkey
Copyright: © 2024
|Pages: 39
DOI: 10.4018/979-8-3693-1561-3.ch010
Abstract
This chapter explores the dynamic FinTech landscape in the Middle East with a focus on the UAE and Turkey by considering the impact of cutting-edge technologies, particularly artificial intelligence (AI). Amidst rapid economic changes and a burgeoning youth population, FinTech has emerged as a pivotal force driving innovation. The UAE and Turkey, positioned as regional FinTech hubs, attract significant investments, fostering vibrant startup ecosystems. Analyzing statistical insights and technological trends, this chapter unravels the unique factors propelling FinTech adoption. It delves into the integration of emerging technologies and addresses challenges, opportunities, and future trends. Tailored for finance professionals, policymakers, entrepreneurs, and academics, this chapter aims to provide a concise resource for navigating and contributing to the evolving FinTech scene in the Middle East.