Blockchain, Fintech, and Islamic Finance: Towards an Islamic Digital Economy

Abstract

The book ‘Blockchain, Fintech, and Islamic Finance’ by Hazik Mohamed and Hassnian Ali discusses the role of financial technology—especially blockchain and smart contracts—in transforming the Islamic financial system in the digital economy era. The book argues that fintech is not just a tool of operational efficiency, but a new institutional foundation to revive core principles of Islamic finance such as fairness, transparency, and risk-sharing. By linking the development of digital technology with maqāṣid al-sharī'ah, the author offers a conceptual and practical framework for the sustainable development of the Islamic digital economy. This article summarizes the book's main contributions as well as situates it in the academic discourse of contemporary Islamic finance. Overall, Blockchain, Fintech, and Islamic Finance are important contributions to contemporary Islamic financial literature. This book successfully integrates technological discourse with Islamic normative values and offers a strategic vision for the future of the Islamic digital economy. For academics, policymakers, and practitioners, this work provides a powerful conceptual framework for understanding how technology can be a catalyst for the rise of risk-sharing and fairness principles in Islamic finance.