Indonesian Sharia Banking in Facing the Industrial Revolution 4.0

Authors

  • Zulfikar Hasan Department of Islamic Banking and Center for Research and Community Service at STAIN Bengkalis Riau Indonesia
  • Mutia Rosiana Nita Putri Faculty of Education Monash University Australia

DOI:

https://doi.org/10.11113/umran2022.9n1.546

Abstract

This study looks at the impact of the industrial revolution 4.0 on the Islamic banking sector. The industrial revolution simply implies major and advanced innovations to the way humans produce goods. This great change has happened three times, and we are currently experiencing the fourth industrial revolution. Every major change is always followed by major changes in the economic, political, even military, and cultural fields. The Industrial Revolution 4.0 has entered Indonesia since 2015. This provides opportunities for several economic sectors around the world to gain market share and wider investment. This study uses qualitative methods to explain the phenomenon being studied. The Sharia Supervisory Board and National Sharia Council of the Indonesian Ulema Council (DSN-MUI) are one of the regulators that make sharia banking stronger and more recognized. A method that we use is a qualitative method by looking at and analyzing the object of research to be studied. Where the object of research in this paper is Islamic banking in Indonesia, and how Islamic banking faces the Industrial Revolution 4.0.  Islamic banking in Indonesia needs to apply advanced technology to be able to compete with conventional banking, especially during the 4.0 era, technology is one of the most important things to be able to keep up with the times.

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Published

2022-02-28

How to Cite

Hasan, Z., & Nita Putri, M. R. . (2022). Indonesian Sharia Banking in Facing the Industrial Revolution 4.0 . UMRAN - International Journal of Islamic and Civilizational Studies, 9(1), 37–47. https://doi.org/10.11113/umran2022.9n1.546

Issue

Section

Islamic Studies