Islamic FinTech and Ethical Finance: Opportunities for Inclusive Finance in Africa
摘要
This chapter explores the transformative role of Islamic FinTech in advancing inclusive finance across Africa. It examines how the convergence of Shariah-compliant financial principles and digital technologies creates ethical, accessible, and contextually relevant financial solutions for underserved populations. The chapter begins by outlining the foundational principles of Islamic finance and their alignment with financial inclusion goals. It then discusses emerging innovations such as Islamic digital banking, peer-to-peer lending, blockchain-based zakat platforms, takaful, and sukuk. Drawing on African case studies, the chapter analyzes market potential, institutional capacity, and the socio-economic impact of these tools. It also highlights critical challenges, including regulatory fragmentation, low digital literacy, and infrastructure constraints. Strategic pathways for reform are proposed to support sustainable growth and ethical governance. The chapter concludes by positioning Islamic FinTech as a vital enabler of equitable development and financial empowerment across Africa’s diverse cultural and economic landscape.