The importance of digitalization of the Islamic finance

2023

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DOI 10.26577/sedgch.2023v1ca6
Data confidence 70 medium
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Abstract

This article will consider the trends of digitalization of Islamic financial instruments.In the current realities, digitalization concerns all branches of human activity.The most important resource for making any decisions is information, and the key factor in this area is the speed of processing and exchange of information.To achieve such goals, new systems for collecting, transmitting, and processing information are being created every day.To understand the scale of changes in the market of financial instruments, the authors conducted studies of changes in the number of digital products in the financial market of Kazakhstan.This trend is also observed in the world market, of which Kazakhstan is a part.Considering that the main engine of any market is the consumer, the authors conducted a study on the change in the number of users of digital products and transactions.From the studies obtained, it follows that for the successful implementation of Islamic finance tools, it is necessary to adhere to the trends that are observed in the market.