FAITH AND FINANCE: ADVANCING GEN ALPHA’S ECONOMIC THROUGH ISLAMIC KNOWLEDGE

Abstract

The role of Islamic knowledge in advancing and sustaining economic development is crucial, especially in the context of Generation Alpha (Gen-Alpha), the cohort born from 2010 onwards. As this generation grows up in a highly digital and interconnected world, Islamic principles offer valuable frameworks for ethical decision-making, financial responsibility, and social justice, all of which are integral to building a sustainable economy. This abstract explores how Gen-Alpha, shaped by the rapid technological advancements and globalization, can benefit from Islamic knowledge in various sectors, such as finance, entrepreneurship, and ethical consumption. The integration of Islamic values, including fairness, transparency, and accountability, can offer a balanced approach to economic progress that prioritizes not only profit but also the well-being of individuals and communities. Additionally, the emerging digital economy and the rise of Islamic fintech present opportunities for Gen-Alpha to harness technology while remaining rooted in Islamic ethical guidelines. This paper emphasizes the importance of embedding Islamic knowledge into educational curricula, technological innovations, and entrepreneurial ventures to empower Gen-Alpha in creating a more equitable and sustainable global economy. Moreover, the holistic approach of Islamic economics encourages a balance between material success and spiritual well-being, ensuring that economic growth does not come at the expense of social and environmental responsibility. By incorporating Islamic knowledge into educational curricula, technological advancements, and business practices, Gen-Alpha can be equipped with the tools to create an economy that is not only economically prosperous but also ethically sound and sustainable. As this generation grows into leadership roles, the infusion of Islamic ethical principles into their economic endeavors can help address global issues such as poverty, inequality, and environmental degradation, fostering a more just and sustainable future for all.