Digital Transformation in Sharia Mutual Fund Marketing: A Systematic Literature Review in Indonesia (2015–2025)
DOI:
https://doi.org/10.37638/bima.6.2.1065-1078Keywords:
islamic mutual fund, digital marketing sharia investment, financial technologyAbstract
Purpose: This study aims to explore the transformation of digital strategies in the marketing of Islamic mutual funds within the context of the digital economy. This research is important due to the increasing awareness among Muslim investors to prioritize Sharia-compliant investments supported by technological advancements. Methodology: A qualitative approach using a Systematic Literature Review (SLR) was employed, supported by Watase Uake, a bibliometric software that enables article classification, keyword mapping, and thematic visualization of academic literature. Results: The review highlights that digital platforms, mobile applications, social media, and AI-powered tools are central to promoting Sharia mutual funds. Key strategies include educational campaigns, influencer-driven content, and personalized recommendations.. Findings: There is a growing engagement from Gen Z and millennial Muslim investors, alongside the adoption of technologies such as blockchain and robo-advisors to enhance transparency and trust. However, challenges remain in digital literacy, regulatory clarity, and equitable access.. Novelty: The novelty of this research lies in its comprehensive bibliometric mapping of digital marketing strategies specific to Sharia-compliant investment products. Originality: Its originality stems from synthesizing Islamic financial marketing with recent digital transformation trends. . Conclusion: The study concludes that while digital marketing opens broad opportunities, challenges in literacy, regulation, and equitable access remain. Type of Paper: Systematic Literature Review (SLR)
References
Adhianto, R. D. (2020). Investasi Reksa Dana Sebagai Alternatif Investasi Bagi Investor Pemula. Jurnal E-Bis (Ekonomi-Bisnis), 4(1), 32–44. https://doi.org/10.37339/jurnal
Adhi, N., Aji, D. P., & Winarni. (2021). Reksadana Syariah Dan Konvensional Di Indonesia. JURNAL KEUNIS (Keuangan Dan Bisnis), 9(2), 120–131. www.ojk.go.id
Albanjari, F. R., & Syakarna, N. F. R. (2022). Strategi Pemasaran Berbasis Digital Dalam Upaya Peningkatan Penjualan Berpinsip Syariah Islam. MUSYARAKAH: Journal of Sharia Economics (MJSE), 2.
Andriani, F. (2020). Investasi Reksadana Syariah Di Indonesia Islamic Mutual Fund Investment In Indonesia. AT-TIJARAH: Jurnal Penelitian Keuangan Dan Perbankan Syariah, 2(1), 44–65.
Hariningsih, E., Haryanto, B., Wahyudi, L., & Sugiarto, C. (2024). Ten years of evolving traditional versus non-traditional celebrity endorser study: review and synthesis. Management Review Quarterly. https://doi.org/10.1007/s11301-024-00425-0
Karno, R., & Martinouva, R. A. (2022). Investasi Reksadana Syariah Di Aplikasi Bibit. ASAS Jurnal Hukum Ekonomi Syariah, 13(2), 121–130. https://doi.org/10.24042/asas.v13i2.11284
Kitchenham, B., Pearl Brereton, O., Budgen, D., Turner, M., Bailey, J., & Linkman, S. (2009). Systematic literature reviews in software engineering - A systematic literature review. In Information and Software Technology (Vol. 51, Issue 1, pp. 7–15). https://doi.org/10.1016/j.infsof.2008.09.009
Mulyani, S. , & Rachman, A. (2023). Digitalisasi Keuangan Syariah: Peluang dan Strategi Implementasi. Jurnal Ekonomi Dan Bisnis Islam, 15(1).
Paul, J., Lim, W. M., O’Cass, A., Hao, A. W., & Bresciani, S. (2021). Scientific procedures and rationales for systematic literature reviews (SPAR-4-SLR). International Journal of Consumer Studies. https://doi.org/10.1111/ijcs.12695
Rachmawati, D., & Yusuf, M. (2022). Preferensi Generasi Milenial Muslim terhadap Investasi Syariah: Studi pada Platform Digital. Jurnal Ilmu Manajemen Dan Keuangan Syariah, 5(2).
Rapini, T., Farida, U., & Putro, R. L. (2021). Eksistensi Kinerja Reksadana Syariah Pada Era New Normal. Jurnal Tabarru’ : Islamic Banking and Finance, 4(2).
Robiyanto, R., Santoso, M. A., & Ernayani, R. (2019). Sharia mutual funds performance in Indonesia. Business: Theory and Practice, 20, 11–18. https://doi.org/10.3846/btp.2019.02
Rokhim, R., & Octaviani, I. (2020). Is there a Ramadhan effect on Sharia mutual funds? Evidence from Indonesia and Malaysia. International Journal of Islamic and Middle Eastern Finance and Management, 13(1), 135–146. https://doi.org/10.1108/IMEFM-04-2019-0147
Susanti, K. H. (2024). Tantangan dan Peluang Perbankan Syariah di Era Digital dalam Pertumbuhan Berkelanjutan. Persya: Jurnal Perbankan Syariah, 2(1), 13–19. https://doi.org/10.62070/persya.v2i1.53
Syahrudin, M. (2024). A Systematic Literature Review Of Artificial Intelligence In Detecting Fraud In Health Insurance. Bima Journal: Business, Management and Accounting Journal, 5(2), 175–188. https://doi.org/10.37638/bima.5.2.175-188
Syahrudin, M. (2025). Mapping The Scientific Landscape of Follow the Money Approach in Fraud Detection: Bibliometric Analysis Using Watase Uake. Jurnal AJIB (Audit Pajak Akuntansi Publik), 4(1). https://doi.org/10.32897/ajib.2025.4.1.4382
Wahyudi, L. (2024). Watase Uake: Research Collaboration Tools. https://www.watase.web.id
Widyastuti, U., Febrian, E., Sutisna, S., & Fitrijanti, T. (2023). Could the Theory of Planned Behaviour Explain Market Discipline in Sharia Mutual Funds? AABFJ, 17(4).
Zulfa, N., Millah, N. N., Nuratin, N., & Novitasari, K. (2023). Konsep Maqashid Syariah Dalam Praktik Strategi Pemasaran Tiktok Dengan Landasan Etika Bisnis Islam. AB-JOIEC: Al-Bahjah Journal of Islamic Economics, 1(2), 79–94. https://doi.org/10.61553/abjoiec.v1i2.64
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Liya Setiawati, Yuliani Istiqomah, Hari Imbrani

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
An author who publishes in the BIMA JOURNAL: Business, Management, and Accounting Journal agrees to the following terms:
Author retains the copyright and grants the journal the right of first publication of the work simultaneously licensed under the Creative Commons Attribution-ShareAlike 4.0 License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal
Submission of a manuscript implies that the submitted work has not been published before (except as part of a thesis or report, or abstract); that it is not under consideration for publication elsewhere; that its publication has been approved by all co-authors. If and when the manuscript is accepted for publication, the author(s) still hold the copyright and retain publishing rights without restrictions. For the new invention, authors are suggested to manage its patent before published. The license type is CC-BY-SA 4.0.
BIMA JOURNAL: Business, Management and Accounting is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
You are free to:
Share — copy and redistribute the material in any medium or format
Adapt — remix, transform, and build upon the material
for any purpose, even commercially.
The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
ShareAlike — If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
- You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation.
- No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.


















