FACTORS INFLUENCING INTERNET BANKING ADOPTION OF ISLAMIC BANKING INDUSTRY: MEDIATING IMPACT OF ISLAMIC FINTECH
Future technologies (FinTech) play an important role in the effective growth of the Islamic banking industry by creating a wave of transformation that will stimulate the emergence of FinTech which has various benefits over the old financial system. FinTech has evolved become one of the most active and energising segments in the global financial services industry. Islamic FinTech is still in its infancy compared to the global FinTech industry. However, it is growing at an exponential rate. FinTech is growing rapidly as part of modern human need to deal with financial transactions in daily life, embracing the banking industry as an instrument of consumer convenience. Since the portions of Riba, Maysir, and Gharar are prohibited from being included in the FinTech component, the implementation of FinTech in Islamic banking raises Shariah compliance concerns. Although internet banking is becoming more widely used, many individuals are unaware of it, which is why so many people are constantly being defrauded. The aim of this research is to establish a conceptual framework of factors influencing the adoption of Internet banking and its mediating impact of FinTech in Islamic banking industry. This research uses primary data collected from Islamic banking user and secondary data sources from journals, articles, books, and the websites of commercial and international financial institutions.
Islamic Banking, Islamic FinTech, Internet Banking, Influencing Factors.