Investigating the role of education, technology and Islamic finance in addressing economic inequality

Purpose This study aims to examine the integration of technology, human capital and Islamic finance performance as a determinant factor in promoting equality. Design/methodology/approach This study uses a quantitative approach through dynamic panel analysis and uses country-level data from Muslim economies. Islamic finance is assessed using the Islamic finance index, human capital is measured by health and schooling, while technology is evaluated through internet accessibility. Findings This study finds that internet accessibility, health, education and Islamic finance significantly influence inequality. Despite these four variables exhibiting a more robust effect on promoting economic equality in the long term, the impact of Islamic finance on inequality is varied. Research limitations/implications Enhancing human capital and access to technology and improving Islamic finance development are crucial factors in enhancing economic equality in Muslim economies. Practical implications This study investigation could promote ethical governance initiatives, support social sustainability, advance financial inclusion, increase awareness of Islamic finance and even demonstrate a fundamental framework for the achievement of sustainable development in future analyses. Originality/value This study offers unique insights that could enrich academic discourse and guide policies toward the integration of reducing inequality in Muslim economies. Especially, the investigation of the interplay between human capital, technology and Islamic finance in promoting equality within Muslim economies.