Integration of Financial Technology in Strategic Financing Planning of Private Islamic Higher Education Institutions in the Society 5.0 Era (Proceeding of International Conference on Islamic Education (ICIED))
Summary
- A PRISMA 2020-guided Systematic Literature Review screened 312 initial records down to 38 verified sources across five academic databases and regulatory repositories.p.1
- Inductive thematic coding of the literature generated 47 open codes, 12 axial categories, and four core themes.p.1
- Official EMIS statistics record more than 800 private Islamic higher education institutions across Indonesia, outnumbering the 58 state Islamic higher education institutions.p.2
- Initial literature screening removed 68 duplicate records from 312 identified records, leaving 244 unique records for title and abstract evaluation.p.4
- A Cash Waqf Linked Deposit university-bank partnership mobilized over IDR 19.5 billion in temporary and perpetual waqf deposits for scholarships and academic programs.p.8
- An institutional study identified an annual campus cash waqf potential of IDR 4.42 billion/year at a higher education campus.p.8
Key insights
- FinTech integration in private Islamic higher education institutions remains largely restricted to payment gateways and accounting systems rather than strategic endowment instruments.p.1
- Private Islamic higher education institutions operate under private foundations with minimal direct state operational subsidies compared to state campuses.p.2
- Strategic financing planning in Islamic educational management represents an institutional enactment of sacred trusteeship or amanah.p.2
- Synchronizing academic student portals with financial management systems automates tuition posting and prevents unprogrammed budget entries.p.13
- Indonesian private Islamic campuses suffer from transactional-strategic decoupling where collection tools are disconnected from predictive budgeting and endowment mobilization.p.14
- The proposed Islamic FinTech Governance Framework embeds four governance pillars within a Society 5.0 cyber-physical loop.p.15
- Digital payment gateways have achieved established operational uptake while blockchain accounting and AI analytics remain at nascent pre-adoption stages.p.19
Topics and entities
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