Innovation of Technology-Based Strategies Based on Environmental Examination Organizations in Islamic Banking and Finance

Abstract

Islamic banking and finance have a significant impact on the economy and are expected to be able to realize the Indonesian government. become the center of Islamic economics. Therefore, support from stakeholders and innovations that make it possible to improve the performance of Islamic financial are needed. Based on research studies on environmental change, organizational challenges and obstacles often arise into disturbances, especially competition for the use of information and technology (IT). Using literature studies, researchers develop an expansion strategy model based on scanning the organizational environment of Islamic banking and finace that can help in creating design concepts or innovators to enhance Islamic financial growth. The results of the study state that technology-based expansion strategies will have a positive impact if the organizational environment is supportive. An environmental scan is needed because so far, competition with financial technology and conventional banking and finance is increasingly alarming and difficult to control. It consists of nine expansion strategies based on environmental scanning combined with the principles of Islamic economics. Islamic economics is in sight, and whoever sees the opportunity will certainly reach the position of the 'unicorn' and who is unable to innovate and read opportunities must prepare themselves for freefall.