Jurnal Konseling dan Pendidikan
Vol. 14 No. 1 (2026): JKP

Convergent ethical paradigms: a systematic review of islamic financial principles as a response to the challenges of the new world order

Joseph Hamonangan Sianipar (Universitas Advent Surya Nusantara)
Maru Mary Jones Panjaitan (Universitas Advent Surya Nusantara)



Article Info

Publish Date
17 Mar 2026

Abstract

The new world order, marked by digital disruption, environmental crises, social inequality, and global governance changes, calls for a reconstruction of the ethical paradigm in the financial system. Islamic finance offers a foundation based on Maqāṣid al-Sharīʿah (Islamic Principles of Sharia), emphasizing justice, balance, social responsibility, and sustainability. This study aims to develop a convergent ethical paradigm through a systematic literature review (SLR) of Islamic financial principles addressing contemporary global economic challenges. Using the PRISMA 2020 guidelines, ten articles were selected, analyzed with thematic synthesis to identify key patterns. The results show that aligning Maqāṣid al-Sharīʿah with the Environmental, Social, and Governance (ESG) framework forms a strong ethical foundation for a sustainable financial system. Principles like distributive justice, transparency, and environmental preservation align with global sustainability goals. The study suggests that strengthening sharia governance, developing an ESG disclosure index, and integrating sharia-compliant fintech innovations are vital strategies to improve the credibility and accountability of Islamic finance. In conclusion, Islamic finance can establish a convergent ethical paradigm that upholds Sharia integrity while engaging with global sustainability standards, offering a conceptual framework for sustainable finance policies in the new world order.

Copyrights © 2026






Journal Info

Abbrev

jkp

Publisher

Subject

Education

Description

Jurnal Konseling dan Pendidikan merupakan jurnal ilmiah dalam bidang keilmuan Bimbingan dan Konseling dan Pendidikan. Jurnal ini diterbitkan oleh Indonesian Institute for Counseling And Education (IICE), merupakan sub lembaga dari perusahaan Multikarya Kons merupakan salah satu Pusat Kajian, Latihan ...