Abstract
The purpose of this article is to discuss the concept of Islamic Fintech, the importance of Islamic Fintech in the banking sector, and analyze the development of Islamic Fintech in the world. Materials and methods . The theoretical and methodological basis of the study is the scientific works of domestic and foreign scientists and statistical reports of the Global Islamic Finance report. The article used methods of analysis, induction and deduction, comparative analysis. The scientific value of this study lies in a comprehensive analysis of the content of Islamic Fintech, its role in the banking and financial sector, correlating it with modern technological trends. The article scientifically substantiated the possibilities of digital transformation of the Islamic financial industry in compliance with the requirements of Sharia and systematically assessed the dynamics of the development of Islamic Fintech on the basis of global statistical data. The study identified the advantages and limitations of Islamic fintech through a comparative analysis and clarified the main areas in which financial innovations affect Islamic financial institutions. Research results . This study examined the Islamic fintech market and key features. Estimates were made on the development and current state of the Islamic fintech market in the world. In addition, the advantages and difficulties that the Islamic fintech industry must overcome were discuss.