Financial System Stability in Islamic Economic Perspectives: A Global Literature Review
Abstract
Abstract: This research aims to examine the stability of the financial system in the perspective of Islamic economics through a qualitative approach based on Library Research or Integrative Review. This study synthesizes findings from various global literature on the role of Islamic banking in maintaining financial stability after the global crisis. Data was obtained from reputable national and international journals in the period 2015–2024, with strict inclusion criteria to ensure quality and relevance. The search process is carried out systematically using thematic keywords and Boolean combinations. The analysis was carried out with a thematic approach to identify patterns, gaps, and theoretical contributions. The results show that Islamic financial stability is not only based on economic efficiency, but also on ethical values and social justice. Product innovation, digitalization, and the role of zakat have been proven to strengthen the resilience of the Islamic financial system. This study suggests the need for further research related to the integration of technology and macroprudential policies in supporting Islamic financial stability in the future.
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