Journal of Islamic Law and Legal Studies
Vol 2 No 2 (2025): Journal of Islamic Law and Legal Studies

Toward a Global Sharia-Compliant Regulatory Architecture: A Critical Reassessment of Islamic Economic Law in the Digital Age

Osmanov, Fuad Fazil (Unknown)
Babazade, Zohr Isa (Unknown)
Mansurzada, Asma Elmar (Unknown)



Article Info

Publish Date
26 Dec 2025

Abstract

This study critically reassesses Islamic economic law in response to the accelerating digital transformation reshaping global financial ecosystems. Drawing on classical jurisprudential sources, international Sharia standards, and contemporary literature on Islamic fintech, the research employs a qualitative library-based methodology to evaluate how digital innovations—particularly AI, blockchain, digital assets, and Islamic fintech platforms—challenge existing regulatory structures across Muslim jurisdictions. The findings reveal substantial fragmentation in Sharia governance, inconsistencies in regulatory interpretation, and limited technical capacity, which collectively hinder the development of a cohesive global framework. The study argues that the integration of Maqasid al-Shariah offers a robust ethical and legal foundation for constructing a global Sharia-compliant regulatory architecture capable of addressing cybersecurity risks, algorithmic bias, consumer protection gaps, cross-border inconsistencies, and the complexities of emerging technologies. The analysis highlights the need for harmonized standards, AI ethics protocols, enhanced RegTech adoption, and dynamic regulatory sandboxes to balance innovation with Sharia compliance. Ultimately, the research proposes a forward-looking model that embeds Islamic ethical principles within contemporary digital governance, ensuring that Islamic finance remains resilient, transparent, and socially responsible in the digital age.

Copyrights © 2025






Journal Info

Abbrev

ShariaLex

Publisher

Subject

Religion Law, Crime, Criminology & Criminal Justice

Description

Journal of Islamic Law and Legal Studies is a scholarly publication dedicated to exploring the intricacies of Islamic law within contemporary legal contexts. The journal serves as a platform for researchers, scholars, and practitioners to delve into various aspects of Shariah, offering critical ...