The Promotion of Financial Transparency and Accountability in Digital Islamic by Using Sharia Compliance in Metaverse

Abstract

Due to the development in the digital technology more options for financial responsibility and transparency are provided by Islamic banking system. The attempt of this research is to investigate methods for the advancement of financial accountability and transparency in the realm of digital Islamic finance by concentrating on Sharia compliance in the metaverse. To accomplish this goal, data was gathered using basic random sampling from 300 participants in the digital Islamic finance domain, including representatives from Islamic banks, financial institutions, and regulatory agencies. For the analysis, SmartPLS 3 used a standardized questionnaire that was informed by pertinent academic publications was used, to gather information on several fronts. These include not only user experiences with digital platforms, but also perspectives on financial accountability and transparency, demographics, with adherence to Sharia law. This will yield important insights into the state of financial operations in the digital Islamic banking industry today and clarify how Sharia compliance upholds accountability and openness. By analyzing these elements, this study provided useful recommendations and try to find to advance knowledge of digital Islamic finance to professionals to enhance financial processes in the metaverse.