Can the Sharia Finance Industry Still Adopt New Innovations?
Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 11
Abstract
The rapid growth of the sharia and halal product industry marks a positive development in global market share. Even though it is run according to conventional management principles, the sharia industry faces significant challenges in adopting new technology, especially in the sharia financial sector such as Fintech. This research aims to explore the extent to which sharia principles can adapt to modern technological innovations such as cryptocurrencies, blockchain, crowdfunding and P2P Lending. The Islamic finance industry is responding to technological challenges by developing technology-based solutions according to sharia principles. Collaboration between industry and religious authorities is considered crucial to provide clear guidelines and fatwas regarding the use of technology in a sharia context.
Authors and Affiliations
Nurul Fadila, F Mario Andaru, Y Anni Aryani
Keywords
Related Articles
- EP ID EP729622
- DOI 10.47191/jefms/v6-i11-56
- Views 45
- Downloads 0
Factors that influence CEO narcissism on financial statement
This study aims to empirically examine the effect of CEO narcissism on the disclosure of Environment, Social, and Governance (ESG) by companies. CEO narcissism was measured using an unobtrusive indicator and ESG disclosu...
The Role of Work Culture, Discipline and Work Motivation in Improving Employee Performance
This research aims to determine and analyze the impact of work culture, work discipline and work motivation on employee performance at the Situbondo Regency Population and Civil Registration Service. All 80 employees wer...
The Effect of Discipline and Work Environment on Employee Performance and Job Satisfaction as Mediation Variable
This study aims to investigate the relationship between discipline and work environment on employee performance, as well as the mediating function that job satisfaction has in both relationships. Purposive sampling was u...
Corporate Social Responsibility and Tax Avoidance: Do Socially Responsible Firms in Indonesia Pay More Taxes
The practice of tax avoidance in companies has increased since 2000, and has harmed the country's economic development. Tax avoidance is as vital as environmental issues, in this case it is interpreted as a form of Corpo...
The Impact of Customer Relationship Management (CRM) in the Banking Sector Using Machine Learning
Technology today is evolving at break-neck speeds offering multiple business opportunities. The creation of Machine Learning (ML) has altered a new dimension in today’s business landscape. Machine Learning tools are rapi...