Integration of Sharia Principles in the Digital Economy: Opportunities and Challenges in the Era of Digital Transformation
Keywords:
Digital Economy, Islamic Economics, Fintech, Maqashid Sharia, Sharia PrinciplesAbstract
The rapid development of digital technology has significantly transformed economic activities, leading to the
emergence of the digital economy through platforms such as fintech and e-commerce. This transformation presents
both opportunities and challenges for the development of Islamic economics. This study aims to examine how sharia
principles, such as justice, the prohibition of riba, and the objectives of maqashid sharia can be integrated into the
digital economic system. This research employs a qualitative approach using a literature review method to analyze
relevant theories and practices of the digital economy from an Islamic perspective. The findings indicate that digital
transformation offers substantial opportunities for enhancing financial inclusion, expanding access to sharia-compliant
financial services, and promoting equitable economic practices. However, several challenges remain, including the
dominance of profit-oriented business models, the potential presence of hidden interest elements, and the lack of
comprehensive regulatory frameworks for sharia compliance in digital platforms. Furthermore, there exists a
fundamental tension between the profit-driven nature of digital capitalism and the ethical foundations of Islamic
economics. This study suggests the need for developing a digital economic model based on maqashid sharia that
emphasizes ethical values, fairness, and social welfare. Such a model is expected to ensure that technological
innovation aligns with sharia principles while contributing to sustainable and inclusive economic development.
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