The importance of financial technology in improving the performance of Zakat institutions

Abstract

The importance of this study is reflected in the recognition of using financial technology advantages in modern Zakat institutions, which can be used to manage and invest Zakat funds, by focusing on advanced technologies with high precision and high speed, providing advanced

digital services and products through startups in this field; together with highlighting the achievements of financial technology in Arab and international financial institutions and markets. The study concluded that financial technologies have effectively contributed to the development of the performance of Islamic financial institutions such as international banks. That is why Zakat institutions are working hard to develop their financial and administrative services by expanding the relationship with companies emerging in financial technology.