This study examines the behavioral intention of Muslims in Bosnia and Herzegovina to adopt blockchain-based zakat systems. It offers novel insights from a European Islamic context. Prior studies have primarily focused on Southeast Asia and the Middle East. The research develops an SEM model on an extended Unified Theory of Acceptance and Use of Technology framework. Data were collected through a survey of Bosnian Muslims. The aim was to investigate how these factors influence the acceptance of digital zakat platforms. The findings highlight the potential of blockchain to address inefficiencies and trust issues in traditional zakat management. The study shows that performance expectancy, intrinsic religiosity, and trust are significant determinants of adopting blockchain-based zakat platforms. These results emphasize both technological and faith-based drivers of acceptance. Technology can enhance the trustworthiness and inclusivity of zakat administration for a broader group of Muslims in Bosnia and Herzegovina and similar contexts. This work contributes to broader international discussions on the intersection of technology, religion and finance. The article is laying a foundation for the future development of blockchain-based zakat platforms in Muslim societies.

IntroductionIslamic economics offers an ethical alternative to conventional financial systems, integrating moral principles derived from the Qur’an and Hadith. While conventional fiscal discipline primarily emphasizes budgetary balance, Islamic fiscal discipline uniquely prioritizes ethical governance, social justice, and sustainable development through instruments such as zakat, waqf, and sukuk.ObjectivesThis study aims to develop a comprehensive model for fiscal discipline based on Islamic economic principles, highlighting ethical dimensions alongside practical financial management considerations.MethodThe research employs an exploratory approach using qualitative analysis of secondary data sourced from scholarly articles, government publications, and case studies. A comparative analytical method assesses fiscal discipline practices in both Islamic and conventional economic frameworks.ResultsThe findings reveal that integrating Islamic financial instruments like zakat, waqf, and sukuk enhances resource allocation, promotes socio-economic equity, and supports sustainable fiscal policies. Effective governance structures, notably Shariah boards, play critical roles in ensuring compliance with Islamic ethical standards. However, there remains a notable gap between theoretical Islamic economic principles and their practical implementation in contemporary fiscal policies.ImplicationsThis research offers policymakers a viable framework for adopting Islamic fiscal discipline, potentially leading to greater economic stability, reduced inequality, and more sustainable development practices. It emphasizes the importance of ethical governance and community participation in fiscal policy formulation and implementation.Originality/NoveltyThe study uniquely bridges theoretical Islamic economic principles with modern fiscal management practices, proposing a holistic and ethically-informed model of fiscal discipline adaptable across various economic contexts.

Building resilient companies capable of withstanding financial pressure is increasingly important for stakeholders, especially banks, investors, and suppliers operating in uncertain economic environments. Conventional credit assessment models often prioritize financial ratios, yet overlook the strategic influence of managerial capability on a firm's capacity to endure stress and maintain financial stability. This research places management efficiency at the forefront as a key driver of corporate resilience, examining how internal resource utilization, operational decisions, and financial management shape long-term sustainability. The analysis is based on 1,531 corporate loan cases from a commercial bank in Bosnia and Herzegovina, incorporating balance sheet and income statement indicators available at loan approval, including both static financial ratios and year-to-year performance changes. Factor analysis and regression results reveal that liquidity, self-financing levels, asset turnover, gross margin, and accounts receivable collection time are relevant predictors of financial resilience; however, management efficiency stands out as the most influential determinant. Firms with inefficient managerial practices demonstrate substantially lower resilience and higher vulnerability to financial deterioration. The findings highlight the strategic importance of integrating managerial effectiveness into risk evaluation frameworks and support the view that strong management is a foundation of corporate resilience in the financial sector.