ANALYSIS OF THE CONCEPT OF WEALTH IN ISLAM AND ITS RELEVANCE TO THE DIGITAL ECONOMIC SYSTEM

Abstract

This study examines the Islamic concept of wealth and its relevance to the digital economy, focusing on fiqh muamalah analysis of contracts and mechanisms in contemporary economic practices. Digital transformation has introduced new forms of wealth, including e-wallets, fintech platforms, and digital assets, challenging traditional fiqh perspectives on property and transactions. This research aims to clarify how Islamic legal theory accommodates digital wealth and evaluates the validity of digital contracts under shariah principles. Using a qualitative library research method, primary sources from the Qur’an, Hadith, and classical fiqh are analyzed alongside recent scholarly works on Islamic finance and digital economics. The findings indicate that the Islamic concept of wealth remains valid in the digital era, provided that ownership, value, and contractual clarity are maintained according to shariah criteria. Contracts in digital transactions are generally permissible if they uphold key fiqhi conditions and avoid prohibited elements such as riba, gharar, and maysir. Some digital assets, like certain cryptocurrencies, pose challenges due to volatility and uncertainty, requiring further normative development. The study concludes that fiqh muamalah is dynamic and capable of integrating digital economic practices, though further research and regulatory guidance are necessary to ensure full compliance with shariah objectives.