Islamic wealth management represents a relatively recent expansion within the Islamic banking and finance industry, with only a minority of Muslim majority countries offering such service, including pioneering efforts by institutions like UBS, BNP Paribas in Europe. A scholarly investigation is crucial to complement its industrial growth, especially considering the foundational concepts of wealth management derived from Islamic classical texts by early Muslim scholars. Despite Malaysia’s proactive stance in developing Islamic wealth management infrastructure, further scientific inquiry is needed to fortify its foundation. This study employed both qualitative and quantitative method (mix method) to explore and describe wealth management ideas from three Muslim scholars, namely: al-Syaibāni, Ibn Sina, and Dimasqi who live in the Abbasid time. Then, the variables derived from the ideas of Muslim scholars will be validated by the quantitatively by using Structural Equation Model (SEM). Hence, this study will utilize probability sampling, specifically simple random sampling, where each member of the population in Malaysia has an equal probability of being selected for the sample. The sample of 220 was collected consist of Malaysian individuals associated with the adoption of Islamic wealth management in Malaysia. The findings showed that knowledge about the components of Islamic wealth management has a positive influence at the 5% level, and religion has a positive influence at the 10% level toward adoption of Islamic wealth management in Malaysia. However, when religiosity becomes a mediating variable of knowledge on the adoption of Islamic wealth management, it does not have a significant effect. It can be argued that there is a gap between knowledge of Islamic wealth management and religious belief and practice, emphasizing the need to bridge theoretical and practical dimension. Islam as Dīn only leads to aspects of the hereafter, which should also be practiced for worldly activities. The three Muslim scholars' ideas of Islamic wealth management put the philosophical foundation of Islamic wealth management. Understanding the components of Islamic wealth management should encompass a holistic approach, addressing not just worldly concerns but also considerations for the afterlife, as elucidated by three Muslim scholars. The study contributes to the enhancement of Islamic wealth management adoption in Malaysia by providing valuable recommendations for academicians, practitioners, and regulators, emphasizing the need for further research, interdisciplinary education, development among stakeholders, ultimately, aiming to promote awareness, understanding, and compliance with Islamic principles within the Islamic financial sector. This research contributes to the growth and development of Islamic wealth management theoretically and practically in global scope.

Purpose – This paper aims to analyze digital marketing's role in Islamic wealth management in achieving sustainable finance. Design/methodology/approach – The article presents an overview of Islamic Wealth Management (I.W.M.) by employing a qualitative method using document and content analysis classifying digital marketing's role on Islamic wealth management and its relationship to sustainable finance. Findings – The finding revealed that digital marketing's role in Islamic wealth management uses its elements: wealth accumulation, protection, distribution, and purification, which can engage with prospective investors and deepen the relationships with the existing clients, which is based on Islamic ethical values to achieve sustainable finance. Practical implications – The paper's importance contributes to the current theory and practice of Islamic wealth management. Practical Impact - The beneficial impact suggests I.W.M. is used in a traditional and digital approach. Originality/value – The practical implications mean I.W.M. is used in traditional and digital approaches.

The recent appraisal of Islamic Banking and Finance (IBF) development has focused on the interest based banking system. Banks role and function have been retained to create sharia compliant instruments to replace conventional banks interest based instruments. Another issue is the objective of Islamic banking to contribute to social obligation despite profit maximization. In this context, IBF institutions have been involved in debt financing oriented transactions such as murabahah instead of musyarakah and mudharabah, as they are more profitable. This research attempts to clarify Islamic banking's objective derived from Muslim scholars views and how it complies with sharia. Thus, it is necessary to rethink the paradigm of IBF that is in line with pure Islamic economics, whereas conventional banking has been shifting toward social banking. The methodology used is qualitative-descriptive-literature. The result is, several applied integrated models in IBFs, such as Social Islamic Bank Limited (SIBL), have offered Mudaraba Waqf Cash Deposit Account (MWCDA). Then sadaqa house is provided by Bank Islam Malaysia Berhad (BIMB), an integrated institution model in which Islamic banking can cooperate with other Islamic social finance such as waqf institutions in Indonesia. Finally, the research finding argues that Islamic banking's paradigm is to promote the ummah's maslahat by integrating commercial and social aspects into its operational and objective.