HALAL REIMAGINED: IR4.0 TECH DRIVES SUSTAINABILITY AND INCLUSIVITY IN ISLAMIC MONETARY ECONOMICS
The expanding Halal sector, anticipated to reach USD 3.6 trillion by 2026, presents a significant opportunity to promote inclusive and sustainable economic growth based on Islamic values. Nevertheless, the industry faces challenges in achieving operational efficiency, ensuring transparency, and pro...
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| Format: | Article |
| Language: | Arabic |
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Universiti Sains Islam Malaysia
2025-04-01
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| Series: | Malaysian Journal of Syariah and Law |
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| Online Access: | https://mjsl.usim.edu.my/index.php/jurnalmjsl/article/view/736 |
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| author | Adlin Masood Umi Hamidaton Mohd Soffian Lee Alina Abdul Rahim |
| author_facet | Adlin Masood Umi Hamidaton Mohd Soffian Lee Alina Abdul Rahim |
| author_sort | Adlin Masood |
| collection | DOAJ |
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The expanding Halal sector, anticipated to reach USD 3.6 trillion by 2026, presents a significant opportunity to promote inclusive and sustainable economic growth based on Islamic values. Nevertheless, the industry faces challenges in achieving operational efficiency, ensuring transparency, and promoting financial inclusion. Industry 4.0 (IR4.0) technologies—namely Blockhain, Artificial Intelligence (AI), and the Internet of Things (IoT)—offer innovative solutions to address these issues. These technologies optimise resource utilisation, enhance operational transpacrency, and foster customer trust by ensuring compliance with Halal and ethical standards. This study underscores the importance of integrating IR4.0 technologies into the Halal industry with Islamic Monetary Economics (IME) principles, particularly in promoting financial inclusion, ethical procurement, and sustainability. Employing the Triple Bottom Line (TBL) framework, this study integrates Economic Sustainability (Financial Inclusion), Social Equity (Maslahah), and Environmental Stewardship (Tayyib) into a comprehensive model that connects IR4.0 technologies with the maqasid al-Shariah. By prioritising the preservation of faith, life, intellect, progeny, and wealth, this model positions the Halal industry as a global leader in ethical and sustainable economic development. This study employs a qualitative research design, appropriate for addressing the selected research topics and issues. The findings highlight the urgent need for stakeholders—businesses, regulators, and consumers—to embrace technological innovations and adapt to the evolving global commerce landscape. By taking proactive measures, stakeholders can harness IR4.0’s potential to shape a prosperous and inclusive future for the Halal industry and its communities. Ultimately, this study emphasises the sector’s potential to drive economic growth, social equity, and environmental sustainability, shaping a more inclusive and prosperous future for the communities it serves.
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| format | Article |
| id | doaj-art-7d10af18f54941428c58ed5599505521 |
| institution | OA Journals |
| issn | 1985-7454 2590-4396 |
| language | Arabic |
| publishDate | 2025-04-01 |
| publisher | Universiti Sains Islam Malaysia |
| record_format | Article |
| series | Malaysian Journal of Syariah and Law |
| spelling | doaj-art-7d10af18f54941428c58ed55995055212025-08-20T01:51:00ZaraUniversiti Sains Islam MalaysiaMalaysian Journal of Syariah and Law1985-74542590-43962025-04-0113110.33102/mjsl.vol13no1.736HALAL REIMAGINED: IR4.0 TECH DRIVES SUSTAINABILITY AND INCLUSIVITY IN ISLAMIC MONETARY ECONOMICSAdlin Masood0https://orcid.org/0000-0001-9348-5243Umi Hamidaton Mohd Soffian Lee1Alina Abdul Rahim2Faculty of Economics and Muamalat, Universiti Sains Islam Malaysia (USIM), Bandar Baru Nilai, 71800 Nilai, Negeri Sembilan, MalaysiaFaculty of Economics and Muamalat, Universiti Sains Islam Malaysia (USIM), Bandar Baru Nilai, 71800 Nilai, Negeri Sembilan, Malaysia / Institute of Fatwa and Halal (IFFAH), Universiti Sains Islam Malaysia (USIM), Bandar Baru Nilai, 71800 Nilai, Negeri Sembilan, MalaysiaFaculty of Science and Technology, Universiti Sains Islam Malaysia (USIM), Bandar Baru Nilai, 71800 Nilai, Negeri Sembilan, Malaysia The expanding Halal sector, anticipated to reach USD 3.6 trillion by 2026, presents a significant opportunity to promote inclusive and sustainable economic growth based on Islamic values. Nevertheless, the industry faces challenges in achieving operational efficiency, ensuring transparency, and promoting financial inclusion. Industry 4.0 (IR4.0) technologies—namely Blockhain, Artificial Intelligence (AI), and the Internet of Things (IoT)—offer innovative solutions to address these issues. These technologies optimise resource utilisation, enhance operational transpacrency, and foster customer trust by ensuring compliance with Halal and ethical standards. This study underscores the importance of integrating IR4.0 technologies into the Halal industry with Islamic Monetary Economics (IME) principles, particularly in promoting financial inclusion, ethical procurement, and sustainability. Employing the Triple Bottom Line (TBL) framework, this study integrates Economic Sustainability (Financial Inclusion), Social Equity (Maslahah), and Environmental Stewardship (Tayyib) into a comprehensive model that connects IR4.0 technologies with the maqasid al-Shariah. By prioritising the preservation of faith, life, intellect, progeny, and wealth, this model positions the Halal industry as a global leader in ethical and sustainable economic development. This study employs a qualitative research design, appropriate for addressing the selected research topics and issues. The findings highlight the urgent need for stakeholders—businesses, regulators, and consumers—to embrace technological innovations and adapt to the evolving global commerce landscape. By taking proactive measures, stakeholders can harness IR4.0’s potential to shape a prosperous and inclusive future for the Halal industry and its communities. Ultimately, this study emphasises the sector’s potential to drive economic growth, social equity, and environmental sustainability, shaping a more inclusive and prosperous future for the communities it serves. https://mjsl.usim.edu.my/index.php/jurnalmjsl/article/view/736Halal industryIR4.0 technologiesIslamic monetary economicssustainability |
| spellingShingle | Adlin Masood Umi Hamidaton Mohd Soffian Lee Alina Abdul Rahim HALAL REIMAGINED: IR4.0 TECH DRIVES SUSTAINABILITY AND INCLUSIVITY IN ISLAMIC MONETARY ECONOMICS Malaysian Journal of Syariah and Law Halal industry IR4.0 technologies Islamic monetary economics sustainability |
| title | HALAL REIMAGINED: IR4.0 TECH DRIVES SUSTAINABILITY AND INCLUSIVITY IN ISLAMIC MONETARY ECONOMICS |
| title_full | HALAL REIMAGINED: IR4.0 TECH DRIVES SUSTAINABILITY AND INCLUSIVITY IN ISLAMIC MONETARY ECONOMICS |
| title_fullStr | HALAL REIMAGINED: IR4.0 TECH DRIVES SUSTAINABILITY AND INCLUSIVITY IN ISLAMIC MONETARY ECONOMICS |
| title_full_unstemmed | HALAL REIMAGINED: IR4.0 TECH DRIVES SUSTAINABILITY AND INCLUSIVITY IN ISLAMIC MONETARY ECONOMICS |
| title_short | HALAL REIMAGINED: IR4.0 TECH DRIVES SUSTAINABILITY AND INCLUSIVITY IN ISLAMIC MONETARY ECONOMICS |
| title_sort | halal reimagined ir4 0 tech drives sustainability and inclusivity in islamic monetary economics |
| topic | Halal industry IR4.0 technologies Islamic monetary economics sustainability |
| url | https://mjsl.usim.edu.my/index.php/jurnalmjsl/article/view/736 |
| work_keys_str_mv | AT adlinmasood halalreimaginedir40techdrivessustainabilityandinclusivityinislamicmonetaryeconomics AT umihamidatonmohdsoffianlee halalreimaginedir40techdrivessustainabilityandinclusivityinislamicmonetaryeconomics AT alinaabdulrahim halalreimaginedir40techdrivessustainabilityandinclusivityinislamicmonetaryeconomics |