Integrating Artificial Intelligence and Maqāṣid al-Syarī‘ah: Revolutionizing Indonesia’s Sharia Online Trading System

This study explores the integration of maqāṣid al-syarī‘ah principles with Artificial Intelligence (AI) in developing a Sharia Online Trading System (SOTS) for Indonesia's Islamic capital market. By focusing on key principles such as justice (al-‘adalah) and public benefit (al-maṣlahah), this research employs a phenomenological approach to analyze the subjective experiences of market participants. Findings reveal that an AI-based system using prompt engineering can enhance transparency, efficiency, and compliance in sharia transactions. The system provides real-time notifications to investors, helping them understand the ethical and legal aspects of their transactions. This research contributes to bridging the gap between Islamic ethical frameworks and modern technological advancements, paving the way for a more inclusive and sustainable Islamic financial ecosystem. Future research could expand on implementation evaluation, global comparisons, and further algorithmic development to deepen the impact of AI in Islamic financial markets.

Authors

Publication Details

Journal
Computer Fraud & Security
Published
2024-12-30
DOI
https://doi.org/10.52710/cfs.238
Primary Topic
Islamic Finance and Communication
Type
article
Field-Weighted Citation Impact
0.00

Funders

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article

Integrating Artificial Intelligence and Maqāṣid al-Syarī‘ah: Revolutionizing Indonesia’s Sharia Online Trading System

Mukhlis Lubis
Computer Fraud & Security
Islamic Finance and Communication
article

Integrating Artificial Intelligence and Maqāṣid al-Syarī‘ah: Revolutionizing Indonesia’s Sharia Online Trading System

Mukhlis Lubis
article en

Abstract

This study explores the integration of maqāṣid al-syarī‘ah principles with Artificial Intelligence (AI) in developing a Sharia Online Trading System (SOTS) for Indonesia's Islamic capital market. By focusing on key principles such as justice (al-‘adalah) and public benefit (al-maṣlahah), this research employs a phenomenological approach to analyze the subjective experiences of market participants. Findings reveal that an AI-based system using prompt engineering can enhance transparency, efficiency, and compliance in sharia transactions. The system provides real-time notifications to investors, helping them understand the ethical and legal aspects of their transactions. This research contributes to bridging the gap between Islamic ethical frameworks and modern technological advancements, paving the way for a more inclusive and sustainable Islamic financial ecosystem. Future research could expand on implementation evaluation, global comparisons, and further algorithmic development to deepen the impact of AI in Islamic financial markets.

Computer Fraud & Security
Lembaga Pengelola Dana Pendidikan
Openalex Percentile: Top 57%
Islamic Finance and Communication
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Integrating Artificial Intelligence and Maqāṣid al-Syarī‘ah: Revolutionizing Indonesia’s Sharia Online Trading System — Mukhlis Lubis · Computer Fraud & Security (2024) | TGRS Research Map | TGRS