Integration of Blockchain Technology in Islamic Finance A Literature Review on Transparency and Shariah Compliance

Mu'azzin Mu'azzin, Zaenafi Ariani, Nur Fitri Hidayanti, Ahmad Hulaimi, Ady Supriyadi, Ahadiah Agustiana

Abstract


Abstract: This study aims to examine the integration of blockchain technology in Islamic finance with a focus on transparency and compliance with sharia principles. Using a qualitative approach with Library Research and Integrative Review methods, this study analyzes literature from 2015 to 2024 obtained from scientific databases such as Google Scholar, DOAJ, Scopus, and Scispace. The selection process was conducted systematically through title, abstract, and full content analysis of articles that met the inclusion criteria. The results show that blockchain contributes significantly to improving transaction efficiency, data transparency, and automation of sharia-compliant processes through features such as immutability and smart contracts. However, challenges such as low technological literacy, lack of adaptive regulations, and limited infrastructure are barriers to the widespread adoption of this technology. This study recommends the need for collaboration between academics, regulators and industry practitioners to build a regulatory and educational framework that supports sustainable Shariah-compliant digital transformation. This study makes an important contribution to understanding the direction of blockchain technology development in the context of global Islamic finance.


Keywords


Blockchain Technology, Islamic Finance, Transparency, Shariah Compliance.

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References


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