INTEGRATING FINANCIAL TECHNOLOGY INTO ISLAMIC BANKING: A STRATEGIC APPROACH

Siti Mujiatun

Abstract


The rapid advancement of financial technology (FinTech) presents both opportunities and challenges for the Islamic banking sector. This research addresses the problem of how Islamic banks can strategically integrate FinTech innovations while maintaining Shariah compliance. The primary objective of this study is to explore strategic approaches for implementing FinTech solutions that enhance operational efficiency, customer experience, and financial inclusion in Islamic banking institutions. Using a qualitative method, data were collected through in-depth interviews with key stakeholders, including Islamic bank executives, Shariah scholars, and FinTech developers. The findings indicate that successful integration of FinTech requires not only technological readiness but also a strong alignment with Shariah principles, institutional support, and regulatory frameworks. The discussion highlights critical areas such as digital payment systems, mobile banking, blockchain, and AI-based financial advisory that are compatible with Islamic finance values. The study concludes that a collaborative ecosystem involving regulators, scholars, and technology providers is essential for a sustainable and Shariah-compliant FinTech integration in Islamic banking.


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References


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DOI: https://doi.org/10.3059/insis.v0i0.28921

DOI (PDF): https://doi.org/10.3059/insis.v0i0.28921.g15020

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