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Digitalization of Islamic Finance in the 5.0 Era: A Systematic Review and Challenges in Strengthening the Halal Ecosystem Riska Alvarido; Rika Lidyah
Escalate : Economics and Business Journal Vol. 3 No. 03 (2026): Escalate: Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v3i03.389

Abstract

The digital era has brought significant transformations to Islamic finance through fintech, blockchain, and digital currencies, offering efficient, transparent, and inclusive innovations, but facing regulatory and Sharia compliance challenges. This research aims to analyze the digitalization of Islamic finance in the 5.0 era, provide a systematic review, and address the challenges of strengthening the halal ecosystem. The descriptive-analytical qualitative method was applied through library research with secondary data from 32 peer-reviewed journal articles (2020–2025) via PRISMA, analyzed thematically to map the themes of innovation, regulation, and sharia ethics. The results show the rapid development of Islamic fintech (P2P lending, halal crowdfunding), the main challenges are the absence of global regulatory standards and data security, as well as strengthening strategies through stakeholder collaboration and integration of maqashid sharia. It is concluded that adaptive regulations and digital education are needed to realize a sustainable Islamic financial ecosystem in the 5.0 era.
Co-Authors Abdul Rosid Adawiyah, Romadona ADE RISNA SARI Agustina, ria Amanda, Dina Amri Amir Anggini, Viggy Ariyanti Ariyanti Arlin Fitria Asramid Yasin Asrol, Safitri Basri Basri Cepaldo Cepaldo Chandra Zaki Maulana Chandra Zaki Maulana Cholidi Cholidi Dede Rustaman Dedi - Dedi saputra Dedi Saputra DEKY, DEKY ANWAR desi kristanti, desi didi, ashari Dinnul Alfian Akbar Dwi Kurniawati Dwithia Chan Yo Putri Eka Lestari Hafqi Putri Eljawati Endang Endi Rustendi Erika Seftiana Fadilah, Hasni Fahrizal, Effan Feryansyah Gibtiah Gibtiah Gustia, Refa Hardiansyah Harianto Heppi Syofya, Heppi Herawati Herawati Heri Junaidi Herlinia, Sella Kusiyah Laila, Ahrina Lemiyana Liestyowati Lita Ayudha Ningsih Loso Judijanto Mail Hilian Batin Maulana, Chandra Zaki Maya Indriani Yacob Impak Maya Panorama Misbahussururi, Adila Mismiwati MISMIWATI, MISMIWATI MISMIWATI Mubarak, Muhammad Husni Muhamad Risal Tawil Muhammad Arief Muhammad Daffa Dhiya’ulhaq Muhammad Iqbal Muhammad Junestrada Diem Muhammad Rusdi Muhammadinah Muhammadinah, Muhammadinah Musafa’atin Musafa’atin Musran Munizu Nelly Patria Nidya Lestari Nur Faliza Nuraini Nurhijrah, Nurhijrah Oki Sania Riski Parlindungan Dongoran Peny Cahaya Azwari Purnomo Purnomo Purnomo Purnomo Rachmania Rachmania Rani Safitri Repita Riani Rezki Mardiatillah Rihlaili NurArdillah Al Ogny Rima Putri Pratama, Chici Rini Ariyanti Rinol Sumantri Riska Alvarido Ritha Yolanda Safitri, Nurfala Salwa Dzahabiyyah Sherly Anggraini Siti Aisyah Slamet Slamet Slamet Slamet Soufran Yusuf Sri Merzarani SRI RAHAYU Sri Wahyuni Nur Supriana Suriyati, Andi Syadzwina Ramadhana Fitriza syahmardi yacob Tariza Putri Ramayanti Tita Safitriawati Titin Hartini TITIN HARTINI Tri Agustina Vitayanti Fattah Wati Rosmawati Wirman, Wirman Yeni Indraningtyas Yudi Agusman