Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/226652
Authors: 
Mirjalili, Seyed Hossein
Baan, Hassan
Soroosh, Abouzar
Botshekan, Mohammad Hashem
Year of Publication: 
2020
Citation: 
[Journal:] Journal of Money and Economy [ISSN:] 2588-7114 [Volume:] 15 [Issue:] 1 [Pages:] 35-54
Abstract: 
In this paper, we examined an effective business model for the ecosystem of Islamic FinTech for Resalat Islamic Bank. The article discussed three phases of Resalat Bank development as a Platform in formulating social business models that require new value propositions, value constellations, and profit equations, and as such, resembles business model innovation. The result of the qualitative method for comparing Resalat Bank and Grameen Bank indicated that the business model of Resalat Bank is more efficient than Grameen Bank. We also discussed the challenges of transformation from the "current Islamic banking business model" to "Islamic banking as a platform" and proposes a framework for "Islamic bank as a platform" at the macro and micro levels.
Subjects: 
Islamic Social Banking
Platform
Business Model
Sharing Economy
Fintech
JEL: 
D02
G10
O16
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Article
Document Version: 
Published Version

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