The Regional Leadership Council of the Indonesian Association of Islamic Economists (IAEI) East Java in collaboration with IBF Net and the International Officer of Kiai Haji Achmad Siddiq State Islamic University Jember, successfully held an International Public Lecture entitled ‘Challenges and Prospects of Islamic Fintech in the 5.0 Era’.
Secretary of IAEI East Java, Dr Khairunnisa Musari, in her speech, emphasised the responsibility of every party to increase their knowledge of Islamic fintech to support the development of Islamic finance and economics. She invited higher education institutions to equip students with additional skills in this field and encourage the community to participate in financial inclusion as a form of shared responsibility through Islamic fintech.
‘It is important for the young generation of Islam to share knowledge in preparing for the future of Islamic economics and finance, especially the challenges faced by Islamic fintech,’ said Dr Khairunnisa.
This webinar presented two main speakers who were guided by Abdur Rakhman Wijaya, M.Sc., as a lecturer in the Zakat and Waqf Management Study Programme at UIN KHAS Jember, as moderator.
The first presentation was from Dr Obaidullah, President of IBF Net on ‘Leveraging Research and Technology for the Future of Islamic Economics and Finance: What Should Gen Z Prepare?’, emphasised the important role of Gen Z in driving the future of Islamic finance through the integration of the latest technologies such as AI and blockchain, while ensuring compliance with ethical standards and sharia principles in the evolving Era 5.0.
Meanwhile, Jamil Abbas, B.Com., M.B.A., as Member of the Islamic Microfinance Development Division of DPP IAEI and CFO of ETHIS, discussed ‘The Strategic Benefits of Islamic Fintech on the Future of Indonesian Islamic Finance’. Jamil explained that sharia P2P fintech can overcome the problem of online lending by providing efficient and sharia-compliant investment alternatives. The benefits include ease of investment for fund owners, flexible financing for business owners, and encouraging collaboration and investment culture in the wider community. Islamic P2P fintech has the potential to accelerate financial inclusion and support the growth of the Islamic economy in Indonesia.
The event, which was organised online through Zoom, attracted more than 200 participants from various backgrounds. The event went well and received positive feedback from participants, as seen from the many questions asked, both directly and through the chat column. This interactive and insightful discussion provided new insights into the future of sharia fintech and the opportunities it opens in the era of the industrial revolution 5.0.
This event is a discussion forum that brings together academics, practitioners, the general public, students, and observers of the Islamic financial industry to discuss the role of Islamic fintech in the era of the 5.0 industrial revolution which is accelerating forward. This International Public Lecture is expected to be an important step in strengthening the role of Islamic fintech in Indonesia and creating innovations that can have a positive impact on the national and global Islamic economy.
