Abstract

The rapid integration of Fintech into the Islamic financial landscape, particularly in the realm of Micro and Nano Financing, presents a duality of opportunity and challenge. On one hand, technology promises enhanced reach, efficiency, and potentially easier mechanisms for adhering to Sharīʿah principles , thereby driving financial inclusion within Muslim communities. However, this digital evolution highlights a critical need for a robust, Sharīʿah-based governance framework to navigate the complex ethical issues inherent in these schemes. The role of Sharīʿah governance in Fintech-based Micro and Nano Financing services offered by Islamic Financial Institutions (IFIs) is not merely supplementary; it is absolutely critical for ensuring these services remain true to the spirit and letter of Islamic law and serve the broader interests of society.

Keywords

An Ethical Compass for the Digital Frontier: Sharīʿah Governance in Fintech Micro and Nano Financing