ASSESSING THE RESILIENCE OF ISLAMIC MICROFINANCE INSTITUTIONS AGAINST THE DISRUPTIVE FORCES OF PLATFORM ECONOMICS
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Digital Disruption, Institutional Resilience, Platform Economics
Abstract
The rapid expansion of platform economics has fundamentally altered financial intermediation through digital platforms, algorithmic decision-making, and data-driven services. These developments pose significant challenges for Islamic Microfinance Institutions (IMFIs), which are grounded in ethical principles, relational trust, and community-based financial inclusion. The growing dominance of platform-based financial models raises concerns regarding the capacity of IMFIs to remain resilient while preserving their Islamic moral and social missions. This study aims to assess the resilience of Islamic Microfinance Institutions against the disruptive forces of platform economics, with particular attention to institutional, technological, and ethical dimensions. The research employed a mixed-method explanatory design, combining quantitative survey data from selected IMFIs in Southeast Asia with qualitative case studies, interviews, and document analysis. Resilience was examined through indicators of governance quality, adaptive capacity, digital readiness, and ethical sustainability. The findings reveal that resilience among IMFIs is uneven and strongly influenced by ethical governance and institutional coherence rather than by technological adoption alone. Institutions with strong shariah governance and community trust demonstrate greater resilience despite limited digital capabilities, while technology-driven adaptation without ethical integration yields fragile outcomes. The study concludes that sustainable resilience of Islamic Microfinance Institutions in platform-driven economies requires ethically grounded adaptation strategies that balance digital innovation with moral continuity and relational accountability.
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Copyright (c) 2026 Wahyu Hidayat, Fatima Malik, Shakib Ahmed, Abdoulaye Issa
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