Book Review: Blockchain, Fintech, and Islamic Finance; Building the Future in the New Islamic Digital Economy
DOI:
https://doi.org/10.58968/ift.v2i1.642Keywords:
Blockchain, Fintech, Islamic Finance, Islamic Digital Economy, Maqasid Al-ShariahAbstract
The era of the Industrial Revolution 4.0 marks a fundamental change in the global economic and financial system. Technologies like blockchain, big data, and artificial intelligence have changed the way society transacts, invests, and interacts. The development of digital technology has brought major disruption to the global financial industry. The book Blockchain, Fintech, and Islamic Finance by Hazik Mohamed and Hassnian Ali (2019) offers a new perspective on the integration of technology and Islamic ethics in building a just digital economy. This article provides a popular review of the book's main ideas, particularly the potential of blockchain and fintech in strengthening Islamic finance through transparency, trust, and inclusion. The authors emphasize that the Islamic digital economy is not merely a technological adaptation, but a transformation of values and governance based on maqasid al-shariah.
References
Arner, D. W., Barberis, J., & Buckley, R. P. (2015). The Evolution of Fintech: A New Post-Crisis Paradigm? University of Hong Kong.
As-Salafiyah, A., Rusydiana, A. S., & Ikhwan, I. (2023). Central Bank Digital Currency (CBDC): A Sentiment Analysis and Legal Perspective. Journal of Central Banking Law and Institutions, 2(2), 347-372.
As-Salafiyah, A., Rusydiana, A. S., & Mustafa, M. I. (2022). Maqashid sharia-based mosque empowerment index. International Journal of Ethics and Systems, 38(2), 173-190.
Hazik Mohamed & Hassnian Ali. (2019). Blockchain, Fintech, and Islamic Finance: Building the Future in the New Islamic Digital Economy. De Gruyter, Berlin/Boston.
PwC. (2017). Digital Transformation in Financial Services.
Rusydiana, A. S., & Assalafiyah, A. (2021). Advancement and Setback in Islamic Banking Productivity in Asean: Do Technological Changes Matter?. Journal of Islamic Monetary Economics and Finance, 7(3), 583-604.
Scardovi, C. (2017). Digital Transformation in Financial Services. Springer.
