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October 17, 2025EKSYAR Jurnal Ekonomi Syari ah & Bisnis Islam

Is Fintech Financing Failing the Faithful? Online Lending, Debt Culture, and Islamic Economic Principles

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Authors

AKAang KunaifiFHFikri Zhilalil Haq

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Overview

This literature review explores online lending practices in Muslim-majority countries, highlighting ethical concerns related to debt culture and financial inclusion.

Key Points

  • Fintech financing raises ethical concerns about fostering debt culture among low-income individuals.
  • The study reveals a common pattern of short-term loans with high interest, impacting vulnerable populations across the three countries.
  • Employing a literature review method, the analysis incorporates empirical data from credible sources and explores regulatory differences.
  • The findings call for aligning fintech models with Islamic ethical principles to ensure financial practices support social responsibility.

Cite This Study

Kunaifi et al. (2025) studied this question.

synapsesocial.com/papers/68f19f1ade32064e504dd7f9https://doi.org/10.54956/eksyar.v12i01.672
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