TRANSFORMASI TRANSAKSI KEUANGAN ISLAM: MENDORONG KEPATUHAN SYARIAH MELALUI TEKNOLOGI BLOCKCHAIN

Ayu Yuningsih; Huril A'ini

Authors

Ayu Yuningsih UIN Fatmawati Sukarno Bengkulu
Huril A'ini Universitas Islam Darul 'Ulum Lamongan

Keywords:

blockchain, Islamic Finance, Sharia Compliance, Smart Contracts, Islamic Fintech

Abstract

Digital transformation has significantly reshaped the global financial system, including the Islamic finance industry, which is required to maintain strict compliance with Sharia principles. This study aims to analyze the role of blockchain technology in transforming Islamic financial transactions to enhance Sharia compliance, as well as to identify the key challenges in its implementation. This research employs a library research method using a content analysis approach on relevant academic literature published between 2018 and 2025. The findings reveal that blockchain holds significant potential to improve transparency, accountability, and transaction efficiency through its distributed, immutable, and real-time verifiable ledger system. Furthermore, the implementation of smart contracts enables the automation of Sharia-based contracts, reducing moral hazard and ensuring consistent adherence to Islamic principles. However, the adoption of blockchain in Islamic finance still faces several challenges, including regulatory uncertainty, limited human capital, inadequate technological infrastructure, and difficulties in integrating with existing financial systems. This study concludes that the successful implementation of blockchain in Islamic finance requires a comprehensive and collaborative approach involving regulators, practitioners, academics, and Sharia scholars to ensure alignment between technological innovation and Islamic values.

Downloads

Download data is not yet available.

References

Ahmad, Azlin Alisa, Mat Noor Mat Zain, and Nur Diyana Amanina Zakaria. “The Position of Smart Contracts in the Light of Islamic Contract Theory.” Samarah 8, no. 1 (2024): 144–71. https://doi.org/10.22373/sjhk.v8i1.16372.

Aisah, Nur, Siara Zazkia Juliana Putri, and Muhammad Riza Hafizi. “Blockchain Technology Innovation As an Optimization of Transaction Security in Islamic Financial Institutions.” Journal of Central Banking Law and Institutions 4, no. 1 (2025): 23–48. https://doi.org/10.21098/jcli.v4i1.265.

Alsadi, Naseem. “The Convergence of Blockchain Technology and Islamic Economics: Decentralized Solutions for Shariah-Compliant Finance,” 2025. http://arxiv.org/abs/2501.02263.

Casino, Fran, Thomas K. Dasaklis, and Constantinos Patsakis. “A Systematic Literature Review of Blockchain-Based Applications: Current Status, Classification and Open Issues.” Telematics and Informatics 36, no. November 2018 (2019): 55–81. https://doi.org/10.1016/j.tele.2018.11.006.

Desky, Harjoni, and A. K. Mahbubul Hye. “Exploring Smart Contracts In Islamic Finance: Blockchain-Based Shariah-Compliant Transactions.” AT-TIJARAH: Jurnal Penelitian Keuangan Dan Perbankan Syariah 7, no. 1 (2025): 50–61. https://doi.org/10.52490/at-tijarah.v7i1.6022.

Farezy, Rgi, Zaenafi Ariani, Nur Fitri Hidayanti, Nur Aini A, Ahadiah Gustina, and Ahmad Hulaimi. “Integration of Blockchain Technology in Islamic Finance: Opportunities and Challenges Towards Transparency and Sharia Compliance.” In Proceeding of Islamic International Conference on Education, Communication, and Economics, Vol. 1, 2025.

Guntoro, Aldi, Amir Mahmud, Moh Rian Ramadhan, and Waldy Firdaus. “Smart Contract Berbasis Blockchain Dalam Keuangan Syariah: Peluang, Tantangan, Dan Isu Kepatuhan Syariah.” REVENUE: Jurnal Ekonomi Pembangunan Dan Ekonomi Islam 08, no. 02 (2025): 45–55.

Hassain, Mohammed. “A Study on the Impact of Blockchain Technology on Business.” Interantional Journal of Scientific Research in Engineering and Management 08, no. 10 (2024): 1–5. https://doi.org/10.55041/ijsrem37894.

Kunhibava, Sherin, Aishath Muneeza, Zakariya Mustapha, Maryam Khalid, and Gopal Kiran. “Blockchain Use Case in Islamic Social Finance.” ISRA International Journal of Islamic Finance 16, no. 1 (2024): 93–110. https://doi.org/10.55188/ijif.v16i1.659.

Mohamed, Mahad Abdiwali, Ahmed Nur Dirie, Abdiaziz Bashir Mohamud, Mohamed Abdisamad Farah, and Abdirahman Ahmed Nur. “A Bibliometric Study on Cryptocurrency Crowdfunding and Islamic Finance for Advancing Shariah-Compliant FinTech.” Discover Sustainability 7, no. 1 (2026). https://doi.org/10.1007/s43621-025-02349-5.

Rabbani, Mustafa Raza, Shahnawaz Khan, and Eleftherios I. Thalassinos. “FinTech, Blockchain and Islamic Finance: An Extensive Literature Review.” International Journal of Economics and Business Administration 8, no. 2 (2020): 65–86. https://doi.org/10.35808/ijeba/444.

Razak, Muhammad Ilyas Bin Ab, and Nur Akma Binti Mohd Dali. “The Key Challenges for Islamic Fintech Implementation in Malaysia.” Journal of Central Banking Law and Institutions 5, no. 1 (2026): 153–74. https://doi.org/10.21098/jcli.v5i1.270.

Rofi’ah, Muthi’atur, and Moch Syahrul Muzammil. “Innovation and Challenges of Blockchain Technology in the Digital Era : An Analysis of Its Effectiveness in Shariah Financial Management.” Profit : Jurnal Kajian Ekonomi Dan Perbankan Syariah 9, no. 2 (2025): 728–40. https://doi.org/10.33650/profit.v9i2.12380.

Supriadi, Iman, Rahma Ulfa Maghfiroh, and Rukhul Abadi. “Decentralized Islamic Finance: Harnessing Blockchain Technology.” EL DINAR: Jurnal Keuangan Dan Perbankan Syariah 12, no. 1 (2024): 108–31.

Unal, Ibrahim Musa, and Ahmet Faruk Aysan. “Fintech, Digitalization, and Blockchain in Islamic Finance: Retrospective Investigation.” FinTech 1, no. 4 (2022): 388–98. https://doi.org/10.3390/fintech1040029.

Wardani, Retno Endah Kusuma. “Implementation of Blockchain-Based Smart Contracts in Islamic Finance.” Dalwa Islamic Economic Studies: Jurnal Ekonomi Syariah 4, no. 2 (2025): 130–52. https://doi.org/10.38073/dies.v4i2.3760.

Zheng, Zibin, Shaoan Xie, Hongning Dai, Xiangping Chen, and Huaimin Wang. “An Overview of Blockchain Technology: Architecture, Consensus, and Future Trends.” IEEE International Congress on Big Data (BigData Congress), 2017.

Zulkarnaen, Wandy. “Shariah in the Age of Blockchain : Rethinking Legal Authority and Smart Contracts in Decentralized Islamic Finance.” Journal of Contemporary Islamic Law and Studies 1, no. 1 (2025): 56–68.