Author: Sofyan Abas

» AL-IMAM: Journal on Islamic Studies, Civilization and Learning Societies

Aims: This study aims to analyze the opportunities, challenges, and future research directions in the digital transformation of the Islamic economy, including the use of Islamic fintech, digital banking, blockchain, artificial intelligence (AI), and other financial technologies. Method: This research employs a Systematic Literature Review (SLR) method following PRISMA guidelines. The identification process yielded 3,546 articles, which were then screened and assessed for eligibility, ultimately producing 18 articles as the final sample for thematic analysis. Results: The results show that digital transformation offers opportunities such as increased efficiency, easier transactions, transparency, product and service innovation, and expanded Sharia financial inclusion. However, its implementation still faces several challenges, particularly regulations, Shariah compliance, cybersecurity, data protection, digital literacy, and infrastructure gaps. The study also demonstrates that maqashid al-shariah principles are important as a foundation in guiding technology development so that it is not only focused on economic efficiency but also brings benefits, justice, and sustainability. Conclusion/Novelty/Implications: The novelty of this research lies in its comprehensive mapping of digital transformation dimensions in the Islamic economy through an integrated SLR approach. The implications emphasize the need for regulatory harmonization, strengthening Shariah governance, and developing operational models for AI and blockchain applications. Future research should be directed towards empirical studies on AI, blockchain, CBDC, smart contracts, digital zakat and waqf, as well as developing Shariah governance models that are adaptive to technological advancements.

» AL-IMAM: Journal on Islamic Studies, Civilization and Learning Societies

Aim: This study aims to analyze the effects of profitability, Sharia Supervisory Board (SSB) size, and institutional ownership on Islamic Social Reporting (ISR) disclosure in Islamic Commercial Banks in Indonesia during the 2021–2024 period. Method: This study employs a quantitative approach using secondary data obtained from the annual reports and Good Corporate Governance (GCG) reports of Islamic Commercial Banks registered with the Financial Services Authority (OJK). The sample was selected using purposive sampling. Panel data regression analysis was conducted using EViews 12, with the Chow, Hausman, and Lagrange Multiplier tests employed to determine the most appropriate estimation model. Results: The results indicate that profitability and institutional ownership have a positive but insignificant effect on ISR disclosure. In contrast, the size of the Sharia Supervisory Board has a positive and significant effect on ISR disclosure (prob. 0.0027). Simultaneously, the three independent variables have a significant effect on ISR disclosure (F-statistic = 4.614848; prob. = 0.007152). The Adjusted R² value of 0.1977 indicates that 19.77% of the variation in ISR disclosure is explained by the three variables, while the remaining variation is attributable to other factors outside the model.Conclusion/Novelty/Implications: These findings highlight the strategic role of the Sharia Supervisory Board in enhancing transparency and social accountability in Islamic banking. The novelty of this study lies in its use of the 2021–2024 period, which represents the post-merger conditions of Bank Syariah Indonesia and the ongoing digital transformation of Islamic banking. The findings imply the need to strengthen Sharia governance and enhance the role of the Sharia Supervisory Board to improve the quality of ISR disclosure. Future research is recommended to incorporate additional variables, such as firm size, leverage, audit committee characteristics, and ESG implementation.