Digital Governance and Its Role in the Islamic Economy- Analytical Study

This study investigates the role of digital governance within the Islamic economy, aiming to explore how modern technological advancements can be integrated into Islamic financial institutions while adhering to Sharia law. The research employs an analytical and comparative approach to examine the intersection of digital governance and Islamic economics, focusing on its implications for economic management and institutional transparency. The results indicate that digital governance offers a framework of systems and mechanisms that enhance the efficiency, accountability, and transparency of Islamic institutions. These governance practices, while rooted in the principles of Islamic economics, are essential for the modern adaptation of these institutions, particularly in the global economy. The study concludes that adopting digital governance within Islamic finance can significantly improve the management and operational integrity of these institutions, ensuring their alignment with both religious and modern economic principles.

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Publication Details

Journal
American journal of social and humanitarian research.
Published
2024-08-31
DOI
https://doi.org/10.31150/ajshr.v5i8.2900
Primary Topic
Islamic Finance and Banking Studies
Type
article
Field-Weighted Citation Impact
0.00
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article

Digital Governance and Its Role in the Islamic Economy- Analytical Study

Razzaq Makhour Daoud Al-Gharawi
American journal of social and humanitarian research.
Islamic Finance and Banking Studies
article

Digital Governance and Its Role in the Islamic Economy- Analytical Study

Razzaq Makhour Daoud Al-Gharawi
article en

Abstract

This study investigates the role of digital governance within the Islamic economy, aiming to explore how modern technological advancements can be integrated into Islamic financial institutions while adhering to Sharia law. The research employs an analytical and comparative approach to examine the intersection of digital governance and Islamic economics, focusing on its implications for economic management and institutional transparency. The results indicate that digital governance offers a framework of systems and mechanisms that enhance the efficiency, accountability, and transparency of Islamic institutions. These governance practices, while rooted in the principles of Islamic economics, are essential for the modern adaptation of these institutions, particularly in the global economy. The study concludes that adopting digital governance within Islamic finance can significantly improve the management and operational integrity of these institutions, ensuring their alignment with both religious and modern economic principles.

American journal of social and humanitarian research.Vol. 5(8)
Imam Sadiq University (IR)
Peace, Justice and strong institutions
Openalex Percentile: Top 72%
Islamic Finance and Banking Studies
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Digital Governance and Its Role in the Islamic Economy- Analytical Study — Razzaq Makhour Daoud Al-Gharawi · American journal of social and humanitarian research. (2024) | TGRS Research Map | TGRS