Integrating Islamic Finance Principles and The Digital Disruptive Age to Support Global Sustainability
Abstract
In order to support global sustainability, the integration of Islamic finance principles in the digital era can be a driver for a more just, inclusive, and sustainable financial system. The application of these principles can help reduce economic inequality, promote responsible business practices, and promote socially and environmentally sustainable financial development. So the purpose of this study is to analyze the importance of integrating Islamic finance principles in the digital era to support global sustainability through interpretations that consider environmental, economic and social sustainability. This research method uses a qualitative approach by using various reliable sources, including literature from various data bases and references in reputable national and international journals. Through this research, it was found that the principles of Islamic finance emphasize the avoidance of riba (interest), which can prevent exploitative use of society and the environment, encourage fair and fair risk sharing in financial transactions, reduce social and economic inequality.
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Ahmed, S., Mohiuddin, M., Rahman, M., Tarique, K. M., & Azim, M. (2022). The impact of Islamic Shariah compliance on customer satisfaction in Islamic banking services: mediating role of service quality. Journal of Islamic Marketing, 13(9), 1829–1842. https://doi.org/10.1108/JIMA-11-2020-0346
Ali, H., Abdullah, R., & Zaki Zaini, M. (2019). Fintech and Its Potential Impact on Islamic Banking and Finance Industry: A Case Study of Brunei Darussalam and Malaysia. International Journal of Islamic Economics and Finance (IJIEF), 2(1), 73–108. https://doi.org/10.18196/ijief.2116
Fajaruddin, A., Husni, I. S., Lesmana, M., & Shofiati, F. (2023). Pemikiran Ibnu Taimiyah Tentang Mekanisme Pasar dan Regulasi Harga di Indonesia masa Pandemi Covid-19. 9(02), 2356–2363.
Fianto, B. A., Gan, C., Widiastuti, T., & Sukmana, R. (2020). Customer loyalty to Islamic banks: Evidence from Indonesia. Cogent Business and Management, 7(1). https://doi.org/10.1080/23311975.2020.1859849
Firmansyah, D., & Susetyo, D. P. (2022). Financial Behavior in the Digital Economy Era : Financial Literacy and Digital Literacy Perilaku Keuangan di Era Ekonomi Digital : Literasi Keuangan dan Literasi Digital. 1(4), 367–390.
Gani, A. A. (2023). Jurnal Ilmu Akuntansi dan Bisnis Syariah Volume V, Nomor 1, Januari 2023, Halaman 157-165. V.
Hidayat, M. S. (2023). Mengkaji Sistem Keuangan Berbasis Teknologi Blockchain dalam Ekonomi Moneter Islam. 1(3), 244–262.
Hidayat, Y. (2019). Sharia economics and financial inclusion program in Indonesia. Journal of Interdisciplinary Studies, 8(3), 195–201.
Hiyanti, H., Nugroho, L., Sukmadilaga, C., Fitrijanti, T., Buana, U. M., & Syariah, F. (2019). Jurnal Ilmiah Ekonomi Islam, 5 (03), 2019, 326-333 Peluang dan Tantangan Fintech (Financial Technology) Syariah di Indonesia. 5(03), 326–333.
Huda, M., Afif, M., Lesmana, M., & Putri, Z. F. (2023). The Determinants of the Net Asset Value of Sharia Mutual Funds in Indonesia. 1, 325–336.
Ilmiah, J., & Islam, E. (2023). Analisis Kepatuhan Prinsip Syariah dalam Layanan E-Money Perspektif Maqashid Syariah. 9(02), 1806–1811.
Ilyas, M., Razak, A., Akma, N., Dali, M., & Dhillon, G. (2020). SOCIAL SCIENCES & HUMANITIES Fintech In Malaysia: An Appraisal to the Need of Shariah- Compliant Regulation. 28(4), 3223–3233.
Irawan, F. (2021). RELEVANSI FINANCIAL TECHNOLOGY DI TINJAU DARI PERSPEKTIF EKONOMI SYARI’AH: Relevansi Financial Technology Di Tinjau Dari Perspektif Ekonomi …. AL-Bayan: Jurnal Hukum Dan Ekonomi Islam, 6469, 50–75.
Lailatul, A., Hobvi, J., & Zunaidi, A. (2022). Implementation Of Compliance Management In The Sharia Banking Sector. 1(2), 346–362.
Latif, A., Ahmad, R. A., Lesmana, M., & Nabila, F. (2022). Factors Affecting Generational Millennials’ Desire To Spend Money on Waqf. Muslim Heritage, 7(2), 433–458. https://doi.org/10.21154/muslimheritage.v7i2.4439
Makassar, U. I. N. A., Makassar, U. I. N. A., & Makassar, U. I. N. A. (n.d.). Digitalisasi keuangan syariah: peluang dan tantangan perbankan syariah. 9–16.
Morandini, M.-C., Thum-Thysen, A., & Vandeplas, A. (2020). Facing the Digital Transformation: Are Digital Skills Enough? European Economy Economic Brief, 8030(July), 1–25. https://doi.org/10.2765/846577
Muhammad, M., Muhammad, M. R., & ... (2013). Building trust in e-commerce from an Islamic perspective: A literature review. American Academic \& ….
Paltrinieri, A., Dreassi, A., Migliavacca, M., & ... (2020). Islamic finance development and banking ESG scores: Evidence from a cross-country analysis. … Business and Finance.
Rosmitha, S. N., Faculty, I. S., Gbph, G., Rektorat, P., Faculty, M., Gontor, D., Siman, J. R., Siman, D., Faculty, M., Gontor, D., Siman, J. R., Siman, D., Faculty, M., Gontor, D., Siman, J. R., & Siman, D. (2022). THE 10th ISLAMIC BANKING, ACCOUNTING AND FINANCE INTERNATIONAL CONFERENCE 2022 (i BAF 2022) Financial Digitalization of Marketing Technology; Improving the Competitiveness of Micro Business in Sleman Regency of Yogyakarta in the Era of COVID-19 Fikriy. 2022, 240–244.
Salihin, A. (2020). Pengaruh Dow Jones Islamic Market Indeks (DJIM) dan Harga Emas Dunia terhadap Jakarta Islamic Indeks (JII) Priode 2014-2018. Mabsya: Jurnal Manajemen Bisnis Syariah, 2(2), 1–14. https://doi.org/10.24090/mabsya.v2i2.3222
Sidiq, F. M., Rosmitha, S. N., Lesmana, M., Syafiq, F., & F, M. I. (2024). ADILLA: Jurnal Ekonomi Syariah Analisis Strategi Pendistribusian Zakat Produktif Dalam Mensejahterakan Masyarakat Indonesia Abstrak ADILLA: Jurnal Ekonomi Syariah Pendahuluan Salah satu persoalan sosial serta ekonomi yang tak ada habisnya dibicarakan ol. 7(2), 99–110.
Solihin, M. (2021). Kedudukan E-Money Sebagai Alat Pembayaran Berdasarkan Peraturan Bank Indonesia Nomor 20/06/Pbi/2018 dalam Perspektif Hukum Islam. 3, 106–125.
Syakarna, N. F. R. (2023). Peran Teknologi Disruptif dalam Transformasi Perbankan dan Keuangan Islam. 3(1), 76–90.
Timur, J., & Timur, J. (2023). PENERAPAN ARTIFICIAL INTELLIGENCE SEBAGAI INOVASI DI ERA DISRUPSI. 7(2), 117–142.
Zouari, G. (2021). Customer satisfaction in the digital era: evidence from Islamic banking.
Published
2024-07-31
How to Cite
LESMANA, Meichio et al.
Integrating Islamic Finance Principles and The Digital Disruptive Age to Support Global Sustainability.
International Journal of Advanced Research in Economics and Finance, [S.l.], v. 6, n. 2, p. 204-216, july 2024.
ISSN 2682-812X.
Available at: <https://myjms.mohe.gov.my/index.php/ijaref/article/view/27225>. Date accessed: 13 sep. 2024.
Section
English Section
