http://dx.doi.org/10.31703/gmsr.2025(X-II).06
10.31703/gmsr.2025(X-II).06
Published : Jun 2025
Fintech-Driven Transformation in the Islamic Banking Practices of Pakistan
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<p style="text-align: justify;">This study investigates the influence of FinTech adoption on the performance of the Pakistani Islamic banks. The study has made use of primary data collected from the 20 Islamic banks in Pakistan with the help of a questionnaire. The findings have shown that Pakistani banks are integrating the latest financial technologies like Machine Learning, Artificial Intelligence, Robo-advisors, and blockchain technologies, and it has resulted in their increased performance and competitiveness in the market. Findings of OLS have shown that FinTech adoption, along with competitiveness, has positively and significantly affected the performance of Pakistani Islamic banks. The study emphasizes addressing the need for modern technologies and infrastructure in the workplace. The finding contributes to the understanding of how FinTech has transformed the Islamic banking practices in Pakistan, by offering valuable insights for regulators, bank managers, and stakeholders aiming to leverage the latest financial technologies for increasing the market position and performance.</p>
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Islamic Banking, FinTech, Performance, Competitiveness, Pakistan
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(1) Muhammad Ishtiaq
Associate Professor, Lyallpur Business School, Government College University, Faisalabad, Punjab, Pakistan.
(2) Hina Mushtaq
PhD Scholar, Lyallpur Business School, Government College University, Faisalabad, Punjab, Pakistan.
(3) Faisal Anees
Assistant Professor, Lyallpur Business School, Government College University, Faisalabad, Punjab, Pakistan.
Cite this article
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APA : Ishtiaq, M., Mushtaq, H., & Anees, F. (2025). Fintech-Driven Transformation in the Islamic Banking Practices of Pakistan. Global Management Sciences Review, X(II), 51-59. https://doi.org/10.31703/gmsr.2025(X-II).06
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CHICAGO : Ishtiaq, Muhammad, Hina Mushtaq, and Faisal Anees. 2025. "Fintech-Driven Transformation in the Islamic Banking Practices of Pakistan." Global Management Sciences Review, X (II): 51-59 doi: 10.31703/gmsr.2025(X-II).06
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HARVARD : ISHTIAQ, M., MUSHTAQ, H. & ANEES, F. 2025. Fintech-Driven Transformation in the Islamic Banking Practices of Pakistan. Global Management Sciences Review, X, 51-59.
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MHRA : Ishtiaq, Muhammad, Hina Mushtaq, and Faisal Anees. 2025. "Fintech-Driven Transformation in the Islamic Banking Practices of Pakistan." Global Management Sciences Review, X: 51-59
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MLA : Ishtiaq, Muhammad, Hina Mushtaq, and Faisal Anees. "Fintech-Driven Transformation in the Islamic Banking Practices of Pakistan." Global Management Sciences Review, X.II (2025): 51-59 Print.
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OXFORD : Ishtiaq, Muhammad, Mushtaq, Hina, and Anees, Faisal (2025), "Fintech-Driven Transformation in the Islamic Banking Practices of Pakistan", Global Management Sciences Review, X (II), 51-59
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TURABIAN : Ishtiaq, Muhammad, Hina Mushtaq, and Faisal Anees. "Fintech-Driven Transformation in the Islamic Banking Practices of Pakistan." Global Management Sciences Review X, no. II (2025): 51-59. https://doi.org/10.31703/gmsr.2025(X-II).06