Bridging Islamic and Conventional Finance through Integration of Knowledge (IoK): The Potential of the Third Sector

Finance is integral to civilizational prosperity yet has impacted the global development of recent centuries, proved inherently inconsistent, and created multiple issues, i.e., inequalities. In this regard, Islamic finance (IF) offers solutions. Moreover, contemporary appraisals Integration Knowledge (IoK) methodology represent a novel alternative extant challenges issues. The paper’s objectives are, therefore, propose an IoK model conventional financial (CF) convergence with leverage fintech demonstrate potential waqf sector for such its equivalent revival reform along methodological contours. This paper contribution. However, library research, critical content analysis, heterodox methods concretization, synthesis, transdisciplinary analytical reasoning substantiate methodology. sources knowledge, Qur’an, justify study’s unorthodox A background depicts CF problems persistent issues that alternatives. It followed by rationalizing IE via converge IF CF. developed follows schematically demonstrated as findings bridge gap between waqfs’ role potential. Greater reference projects institutionalized implications integration Further, leveraging even indicator digitalization within attaining defined maqāṣid developing genuinely. conclusion summarizes provides actionable recommendations linked model’s practice based on sound philosophical foundations maqāṣid-oriented envisioning development.