The impact of financial technology applications on the expansion of Islamic banking services in Jordan

This study investigates the role of financial technology (FinTech) applications in influencing the expansion of Islamic banking services in Jordan.Specifically, it examines the impact of four FinTech components mobile banking use, e-wallet utilization, digital payments, and blockchain awareness on the growth and accessibility of Islamic banking.A quantitative approach was adopted, utilizing a structured questionnaire distributed to 384 customers of Islamic banks across Jordan.The data were analyzed using Structural Equation Modeling (SEM) via AMOS to assess model fit and test the study's hypotheses.The results reveal that e-wallet utilization, digital payments, and blockchain awareness significantly and positively affect the expansion of Islamic banking services.In contrast, mobile banking use does not have a statistically significant impact.The model demonstrated strong explanatory power, with an R value of 0.62, indicating that FinTech applications collectively explain 62% of the variance in Islamic banking expansion.These findings suggest that Islamic banks in Jordan should focus on innovative technologies beyond traditional mobile banking to strengthen their market presence and enhance financial inclusion.