Green Islamic Finance and Digital Economic Resilience in the Indo-Pacific Region
Main Article Content
Abstract
Purpose: This study comparatively analyses geoeconomic strategies for advancing green Islamic finance and digital economic resilience in the Indo-Pacific region through the integration of Islamic economics, sustainability, and digital transformation to strengthen national resilience from an Asta Gatra perspective.
Study Design/Methodology/Approach: This study uses a descriptive qualitative approach with content and thematic analysis based on the Theory of Tawhid Relationship and the Theory of Absorption Capacity to explain the adaptation of Islamic finance to technological and environmental changes.
Findings: The findings show that Islamic finance demonstrates strong conceptual alignment with sustainability and digital ethics; however, implementation gaps remain in policy coherence, digital infrastructure, and human resource readiness. The study identifies three key enablers for effective integration: ESG-orientated Sharia financial instruments, Sharia-compliant digital solutions, and value-driven strategic alignment at the organisational level. A conceptual framework is proposed linking maqasid al-Shari’ah, particularly hifz al-mal and hifz al-bi’ah, with digital inclusion and environmental stewardship to strengthen economic and environmental resilience in the Indo-Pacific within the Asta Gatra framework.
Originality/Value: This study offers an integrative framework that consolidates Islamic finance, sustainability, and the digital economy into a unified strategic approach. It extends the applied scope of Tawhid String Relation and Absorptive Capacity Theory and provides practical insights for strengthening Islamic financial development, digital transformation, and sustainability-orientated national resilience.
Article Details
How to Cite
Nugroho, L., Musa Gani, I., Harnovinsah, Abdullah, B., & Mahroji. (2025). Green Islamic Finance and Digital Economic Resilience in the Indo-Pacific Region. Jurnal Lemhannas RI, 13(4), 502-516. https://doi.org/10.55960/jlri.v13i4.1063
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References
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Menne, F., Surya, B., Yusuf, M., Suriani, S., Ruslan, M., & Iskandar, I. (2022). Optimizing the financial performance of SMEs based on sharia economy: Perspective of economic business sustainability and open innovation. Journal of Open Innovation: Technology, Market, and Complexity, 8(1), 18. https://doi.org/10.3390/joitmc8010018
Minhat, M., & Dzolkarnaini, N. (2016). Islamic corporate financing: Does it promote profit and loss sharing? Business Ethics: A European Review, 25(4), 482–497. https://doi.org/10.1111/beer.12120
Nifakos, S., Chandramouli, K., Nikolaou, C. K., Papachristou, P., Koch, S., Panaousis, E., & Bonacina, S. (2021). Influence of human factors on cyber security within healthcare organisations: A systematic review. Sensors, 21(15), 5119. https://doi.org/10.3390/s21155119
Nugroho, L. (2020). Bank syariah dan dinamika financial technology (fintek) pada era revolusi industri 4.0. In U. Saripudin (Ed.), Eksistensi bisnis Islami di era revolusi industri 4.0 (pp. 153–181). Widina Bhakti Persada.
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Ahluwalia, S., Mahto, R. V., & Guerrero, M. (2020). Blockchain technology and startup financing: A transaction cost economics perspective. Technological Forecasting and Social Change, 151, 119854. https://doi.org/10.1016/j.techfore.2019.119854
Akram, A., Sukmadilaga, C., & Nugroho, L. (2021). Urgensitas, keadilan, dan maqasid shariah pada merger bank syariah. Human Falah (Jurnal Ekonomi dan Bisnis Islam), 8(2), 1–18.
Aladejare, S. A. (2022). Natural resource rents, globalisation and environmental degradation: New insight from five richest African economies. Resources Policy, 78, 102909. https://doi.org/10.1016/j.resourpol.2022.102909
Alhammadi, S. (2022). Analyzing the role of Islamic finance in Kuwait regarding sustainable economic development in COVID-19 era. Sustainability, 14(2), 1–11. https://doi.org/10.3390/su14020701
Alrasyid, H., Kurnia, M. R., Soeharjoto, Ernayani, R., Nugroho, L., & Bunyamin. (2022). Pengantar ekonomi Islam. PT Global Eksekutif Teknologi.
Arafah, W., & Nugroho, L. (2016). Maqashid sharia in clean water financing business model at Islamic bank. International Journal of Business and Management Invention (IJBMI), 5(2), 22–32.
Ayub, M. (2019). Focusing project financing for growth and realizing the higher objectives of shariah. Journal of Islamic Business and Management (JIBM), 9(2). https://doi.org/10.26501/jibm/2019.0902-001
Badawi, A., Nugroho, L., & Hidayah, N. (2024). The influence of management commitment and information technology capabilities on sustainable value creation (survey on sharia in Jakarta). International Journal of Environmental, Sustainability, and Social Science, 5(3), 833–849.
Chen, S., Hao, M., Ding, F., Dong, J., Dong, J., Zhang, S., Guo, Q., & Gao, C. (2023). Exploring the global geography of cybercrime and its driving forces. Humanities and Social Sciences Communications, 10(1). https://doi.org/10.1057/s41599-023-01560-x
Choudhury, M. A. (2010). Islamic perspective of socioeconomic development. Journal of Islamic Economics, Banking and Finance, 6(3), 37–54.
Diani, T. M., & Nugroho, L. (2024). Advancing Islamic financial planning in Indonesia: Principles, challenges, and the role of Tawhid String Relationship Theory. Economics and Islamic Finance Journal (ECIF), 1(3), 142–154. https://doi.org/10.70550/ecif.v1i3.64
Fasa, I., Febrianty, M., Khoerulloh, A. K., Arisa, A., Utami, W., Santoso, I. R., Arifudin, O., Suganda, A. D., Nugroho, L., & Haerany, A. (2020). Eksistensi bisnis Islami di era revolusi industri 4.0. Widina Bhakti Persada. https://penerbitwidina.com
Garas, S., & Pierce, C. (2010). Shari’a supervision of Islamic financial institutions. Journal of Financial Regulation and Compliance, 18(4), 386–407. https://doi.org/10.1108/13581981011093695
Ghobakhloo, M., & Iranmanesh, M. (2021). Digital transformation success under Industry 4.0: A strategic guideline for manufacturing SMEs. Journal of Manufacturing Technology Management, 32(8), 1533–1556. https://doi.org/10.1108/JMTM-11-2020-0455
Gu, J., & Liu, Z. (2024). A study of the coupling between the digital economy and regional economic resilience: Evidence from China. PLOS ONE, 19(1), e0296890. https://doi.org/10.1371/journal.pone.0296890
Ihwanudin, N., Nugroho, L., Bangun, R., Darmaningrum, K., Juliansyah, R., Siska, A., Dewi, I. C., Nopiyani, E., Kraugusteeliana, E., Krisnanik, A., Suganda, L. D., Aryani, F., Marietza, H. G., Yudawisastra, J. J., & Koynja, E. P. (2023). Ekonomi dan bisnis digital (E. Damayanti, Ed.). Widina Bhakti Persada. https://repository.penerbitwidina.com/media/publications/560990-ekonomi-dan-bisnis-digital-f74b388f.pdf
Imani, S., Hasanah, M., Atikah, I., Kartawinata, B. R., Jarullah, J., Riyaldi, M. H., Qamaruddin, M., Hafizh, M., Mahriani, E., Febriyani, D., Nugroho, L., Sari, N., Yetti, F., & Lautania, M. F. (2023). Fintech syariah (E. Damayanti, Ed.). Widina Media Utama. https://repository.penerbitwidina.com/media/publications/559259-fintech-syariah-194861f5.pdf
Irwansyah, R., Syahputra, D., Ningsih, S., Hasan, M., Kristanto, T., Nugroho, L., Triwardhani, D., Marwan, D., Febrianty, F., Sudarmanto, E., BS, D. A., Sudirman, A., & Manggabarani, A. S. (2021). Marketing digital usaha mikro. Widina Bhakti Persada.
Istianah, I., & Nugroho, L. (2024). Strengthening economic stability in Muslim families: The role of Islamic financial literacy post-Covid-19. Social and Economic Bulletin, 1(3), 176–191. https://doi.org/10.70550/sebi.v1i3.65
Jasri, Fauzan, R., Alrasyid, H., Amriadi, Fatchurrohman, M., Miftahorrozi, Ardana, Y., Nugroho, L., Soeharjoto, & Sudarmanto, E. (2023). Ekonomi syariah. Global Eksekutif Teknologi.
Judijanto, L., Fathoni, A. I., Fauziah, D., Lasmiatun, K. M. T., & Ashari, M. Y. (2025). ESG (environmental, social, governance) integration in global Islamic finance. West Science Islamic Studies, 3(1), 19–25. https://doi.org/10.58812/wsiss.v3i01.1612
Kamal, S., Zulkifli, Agusti, N., Asmadia, T., Rahmat, F., Fahriani, F. Z. F. M. I., Monady, H., Octaviani, R., Mubarok, A., Hakim, L., Masruroh, N., Athief, F. H. N., & Nugroho, L. (2022). ZISWAF (zakat, infak, sedekah, dan wakaf) (M. N. Sayuti & I. Nur, Eds.). Az-Zahra.
Khan, S., Loukil, F., Ghédira, C., Benkhelifa, E., & Bani-Hani, A. (2021). Blockchain smart contracts: Applications, challenges, and future trends. Peer-to-Peer Networking and Applications, 14(5), 2901–2925. https://doi.org/10.1007/s12083-021-01127-0
Lindgren, E., Harris, F., Dangour, A. D., Gasparatos, A., Hiramatsu, M., Javadi, F., Loken, B., Murakami, T., Scheelbeek, P., & Haines, A. (2018). Sustainable food systems: A health perspective. Sustainability Science, 13(6), 1505–1517. https://doi.org/10.1007/s11625-018-0586-x
Liu, L., & Tobias, G. R. (2023). Application of green finance in promoting low-carbon transformation of enterprises. Advance in Sustainability, 3(1), 1–6. https://doi.org/10.26855/as.2023.06.001
Mao, H., Wang, Z., & Yi, L. (2021). Does entrepreneurial orientation lead to successful sustainable innovation? Evidence from Chinese environmentally friendly companies. Sustainability, 13(18), 10294. https://doi.org/10.3390/su131810294
Melzatia, S., Mahroji, Wahyudi, I., & Nugroho, L. (2023). Analysis of the ideal sukuk structure from the perspective of maqasid sharia of wealth (Indonesia case). International Journal of Commerce and Finance, 9(1), 21–39.
Menne, F., Surya, B., Yusuf, M., Suriani, S., Ruslan, M., & Iskandar, I. (2022). Optimizing the financial performance of SMEs based on sharia economy: Perspective of economic business sustainability and open innovation. Journal of Open Innovation: Technology, Market, and Complexity, 8(1), 18. https://doi.org/10.3390/joitmc8010018
Minhat, M., & Dzolkarnaini, N. (2016). Islamic corporate financing: Does it promote profit and loss sharing? Business Ethics: A European Review, 25(4), 482–497. https://doi.org/10.1111/beer.12120
Nifakos, S., Chandramouli, K., Nikolaou, C. K., Papachristou, P., Koch, S., Panaousis, E., & Bonacina, S. (2021). Influence of human factors on cyber security within healthcare organisations: A systematic review. Sensors, 21(15), 5119. https://doi.org/10.3390/s21155119
Nugroho, L. (2020). Bank syariah dan dinamika financial technology (fintek) pada era revolusi industri 4.0. In U. Saripudin (Ed.), Eksistensi bisnis Islami di era revolusi industri 4.0 (pp. 153–181). Widina Bhakti Persada.
Nugroho, L. (2022a). Industri keuangan syariah ramah lingkungan. In Peluang dan tantangan industri syariah (pp. 142–148). Fakultas Ekonomi dan Bisnis Islam IAIN Lhokseumawe.