The Role of Technological Advancement and Innovation In The Economies of Muslim Countries

Abstract

Using Indonesia as the primary case study, this research attempts to examine how technological advancement and innovation affect the economies of Muslim nations. With one of the world’s largest Muslim populations, Indonesia has both potential and challenges when it comes to leveraging technical advancemets to promote long-term economic succes. The research method used is library research which uses library material such as books, articles, journals, an media. The study’s finding suggest that innovation and technology utiliatzation play a crucial strategis role in boosting the competitivenes of Indonesia’s sharia based economy. Given Indonesia’s enormous potential in term of the number of Muslim, the growth of the halal sector, and government backing, in present a fantastic chance to promote the sharia economy’s transition to a more developed and internationally competitive path. Blockchain, halal ecommerce platform, and sharia fintech are exmple of digital technologies that chan increase the effectiveness and reach of sharia-based services