Digital Transformation and Islamic FinTech: A Bibliometric Analysis of Global Developments, Opportunities, and Challenges Using VOSviewer (2015 - 2025)
Keywords:
Islamic FinTech; Islamic finance; Bibliometrics; VOSviewer; Digital Transformation; Financial Inclusion; BlockchainAbstract
The development of digital technology has driven significant transformations in the global financial industry, including Islamic finance. Islamic FinTech has emerged as an innovation that integrates Islamic principles with modern financial technology through services such as digital banking, Islamic peer-to-peer lending, halal crowdfunding, digital platform-based zakat and waqf management, and the use of blockchain and artificial intelligence. This study aims to analyze the development, research trends, opportunities, and challenges of Islamic FinTech in the 2015-2025 period through a bibliometric approach using VOSviewer software. Data were obtained from indexed international databases with key keywords related to Islamic FinTech. The results show a significant increase in publications since 2020, with key research clusters covering the digital transformation of Islamic banking, Islamic compliance and regulation, digital financial inclusion, blockchain utilization, and Environmental, Social, and Governance (ESG) integration. These findings confirm that Islamic FinTech has a strategic role in expanding financial inclusion for the community, increasing the efficiency of Islamic financial institutions, and encouraging the creation of an ethical and sustainable digital financial ecosystem. However, several challenges remain to be addressed, particularly those related to digital Sharia regulations, data security, technological infrastructure readiness, and public digital literacy. This research contributes by providing a scientific map that can serve as a reference for academics, regulators, and industry in the future development of Sharia FinTech.
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