The Role of Digitalization and AI in the Transformation of Islamic Financial Institutions
Keywords:
Islamic Finance; Artificial Intelligence; Digitalization; Fintech; Sharia GovernanceAbstract
The rapid development of digitalization and artificial intelligence (AI) has significantly transformed the structure and operations of Islamic financial institutions. This study aims to map and analyze the evolution of scientific research on digitalization and AI in Islamic finance during the period 2020-2025. A bibliometric analysis was employed using publication data from reputable academic databases and analyzed with VOSviewer to identify research trends, thematic clusters, and knowledge structures. The results indicate a substantial growth in studies focusing on Islamic digital banking, Islamic fintech, and AI applications, particularly in relation to operational efficiency, financial inclusion, risk management, and Sharia governance. Network visualization reveals that Islamic finance, artificial intelligence, fintech, and Sharia governance constitute dominant research clusters, while overlay analysis shows a shift in research focus from technology adoption toward the integration of advanced technologies and governance strengthening. However, density visualization suggests that issues related to ethical AI, regulatory readiness, and digital Sharia governance remain underexplored. This study contributes by providing a state-of-the-art bibliometric mapping of digital transformation research in Islamic financial institutions and by identifying critical gaps for future research. The findings offer valuable insights for academics, regulators, and practitioners in developing Sharia-compliant digital transformation strategies within Islamic finance.
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