Digital Transformation Through Islamic Digital Banking For Financial Inclusion
Abstract
Digitalization trends, to a certain extent, shape organizations and individuals in a similar way. The application of digitalization becoming widespread and is a necessity in a business today. Digitalization plays in improving the business landscape by creating the opportunity to enhance development, increase employment opportunities, and accelerate innovation. The introduction of information and communication technology has transformed the banking and financial services industry. The Islamic banks urge to react to these radical changes in order to meet the need of the society especially among Muslim community. The development and adoption of Shariah compliant digital banking in line with Maqasid al-Shariah in achieving financial inclusion is become significance as the alternative for conventional one. However, without a better understanding and exposure to the community would become a hinder for the development and the adoption of this digital platform. This study is aimed to explore the understanding and application of Islamic digital banking for financial inclusion. This study employed a quantitative survey questionnaire of 250 respondents. The Statistical Product and Service Solutions (SPSS) software version 26 has been used in analysing the data through descriptive analysis. The general findings shows that a better understanding towards the Islamic digital banking is important to alleviate poverty and for financial inclusion.
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