Blockchain Integration in Sharia Finance: Building a Shariah-Compliant Decentralized Finance Ecosystem
Abstract
Abstract: This study aims to examine the potential integration of blockchain technology in building a decentralized and sharia-compliant Islamic financial ecosystem. Using a Library Research approach and Integrative Literature Review design, this study analyzes scientific articles published between 2015 and 2024 from various reputable databases such as Scopus, Google Scholar, DOAJ, and Scispace. The literature selection process was carried out systematically by referring to the PRISMA principle and analyzed using the thematic method. The results of the review show that blockchain technology can improve the transparency, efficiency, and accountability of the Islamic financial system through the application of smart contracts that comply with sharia principles. However, significant challenges remain, such as regulatory readiness, technological infrastructure, and human resource capacity. This study emphasizes the importance of cross-sector collaboration to optimally support the adoption of blockchain in Islamic finance. The findings provide conceptual and practical contributions to the development of sharia-based financial innovation and open up opportunities for further research that is more empirical and contextual.
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