Digital Transformation in Islamic Finance: A Literature Review on Financial Inclusion, Digital Literacy, and Maqāṣid al-Sharī‘ah
DOI:
https://doi.org/10.55120/iltizamat.v5i2.2869Keywords:
Digital Transformation Islamic Financial Inclusion Digital LiteracyAbstract
This study examines how digital transformation reshapes Islamic financial inclusion, and how digital literacy and maqāṣid al-sharī‘ah interact within that process. Islamic financial institutions in Indonesia and other Muslim-majority countries have expanded digital channels, yet this expansion has not fully translated into broader, sharia-compliant inclusion, especially among micro-enterprises and low-literacy segments. The paper asks how digital transformation contributes to Islamic financial inclusion and how that contribution can be evaluated through maqāṣid al-sharī‘ah, a question prior reviews have rarely addressed in an integrated way, as they tend to treat inclusion, literacy, and maqāṣid separately. A narrative literature review was conducted on peer-reviewed articles and institutional reports published mainly between 2015 and 2026, retrieved from Scopus, Google Scholar, DOAJ, and Garuda, and analyzed through thematic synthesis. The review finds that digital transformation expands access and efficiency, but its benefits for inclusion depend heavily on users digital and sharia financial literacy, and that maqāṣid al-sharī‘ah -particularly hifẓ al-māl, hifẓ al-dīn, and social welfare- offers a coherent normative lens for assessing whether digitalization genuinely benefits the ummah rather than merely widening technological access. The paper concludes that digital transformation, digital literacy, and maqāṣid al-sharī‘ah should be treated as one integrated policy agenda, and it recommends further empirical and maqāṣid-based impact studies.
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