Shariah Fintech to Support Ethical and Sustainable Economic Development

Shariah Fintech has emerged as a financial innovation that integrates modern technology with Islamic principles, providing financial services aligned with Shariah law and supporting ethical and sustainable economic development. This study highlights the significant role of Shariah Fintech in enhancing financial inclusion and offering more equitable access to financial services for Muslim communities. By adhering to principles such as the prohibition of riba (interest), gharar (uncertainty), and maysir (speculation), Shariah Fintech ensures that transactions and investments are conducted in a transparent and fair manner. Additionally, Shariah Fintech supports environmentally friendly and sustainable projects, contributing to economic development that not only focuses on growth but also on social and environmental well-being. However, challenges in implementation and compliance with Shariah principles persist, necessitating strict supervision to maintain the sector's integrity. This article also discusses the importance of developing business models that balance modern economic needs with deep moral values, and the potential of Shariah Fintech in setting new global standards for sustainable and ethical business practices.