Halal and the Digital Economy: A Research Overview

Abstract

The digital economy, which includes advancements like cryptocurrencies, Crypto Ledgertechnology, and e-commerce platforms, is changing sectors all over the world while bringing moral and religious issues to Muslim customers. Halal compliance in the digital realm encompasses more than just products that are allowed; it also includes Divine Law observance, ethical financial transactions, and open business methods. With an emphasis on the opportunities and challenges they provide, this paper examines important topics such digital currencies, Ethical E-Commerce (in the context of Islamic principles), and digital certification. Crypto Ledgertechnology is revolutionising e-commerce and Halal certification by offering decentralised, irreversible ledgers that solve issues of transparency and trust. Incorporating it can increase consumer confidence, streamline certification processes, and promote global standardisation of Halal operations. Inconsistent certification standards and the speculative nature of cryptocurrencies in Islamic finance remain problems in spite of these advancements. Collaboration between scholars, economists, and engineers is necessary to create a cohesive framework for Halal compliance in the digital economy, ensuring ethical and inclusive growth.