DIGITAL BANKING AND ISLAMIC ECONOMICS GROWTH: A MACROECONOMIC PERSPECTIVE

Abstract

The development of digital technology has driven significant transformation in the Islamic banking sector, especially through the emergence of Islamic digital banking. This study aims to analyze the role of Islamic digital banking in economic growth from a macroeconomic perspective. By utilizing digital technology, Islamic banking is able to improve the efficiency of financial services, expand financial inclusion, and accelerate the distribution of financing to productive sectors in accordance with Sharia principles. The study highlights how the digitalization of Islamic banking contributes to increased economic activity, financial system stability, and Gross Domestic Product (GDP) growth. This study uses a descriptive qualitative approach with secondary data obtained through a literature study. The analysis was carried out thematically to examine the role  of Islamic digital banking in economic growth from a macroeconomic perspective, with the validity of the data maintained through triangulation of sources. From a macroeconomic perspective, Islamic digital banking plays an important role as an instrument to support sustainable economic development through strengthening financial intermediation and reducing the gap in access to financial services. The findings show that the integration of digital technology in Islamic banking not only increases the competitiveness of the Islamic finance industry but also has a positive impact on overall economic growth. Therefore, the development of policies that support Islamic digital banking is essential to encourage inclusive and equitable economic growth.