Toward a sustainable pawnshop sector: A five-year roadmap for technology-driven resilience and financial inclusion amid gold price fluctuations

Muhammad Yusuf Pratama; Siti Nur Aisyah

doi:10.61511/jekop.v3i2.2026.3454

Authors

Muhammad Yusuf Pratama Department of Qur’anic Studies and Exegesis, Faculty of Ushuluddin and Humanities, Universitas Islam Negeri Walisongo, Semarang, Central Java 50185, Indonesia
Siti Nur Aisyah Department of Sharia Banking, Faculty of Economics and Islamic Business, Universitas Islam Negeri Walisongo, Semarang, Central Java 50185, Indonesia

DOI:

https://doi.org/10.61511/jekop.v3i2.2026.3454

Keywords:

financial stability, gold price fluctuations, pegadaian, risk management, technological innovations

Abstract

Background: Gold price volatility poses a significant risk to Indonesia's pawnshop sector (Pegadaian), a financial institution that serves as a critical source of accessible credit for underbanked communities, including micro, small, and medium-sized enterprises (MSMEs) and low-income households. Beyond its economic function, the pawnshop sector plays a role in community financial resilience and poverty alleviation, making its stability a matter of sustainable development. Methods: This study uses a literature review methodology, synthesizing prior research on gold price volatility, financial technology adoption, and inclusive finance to formulate a five-year innovation roadmap. Findings: The findings show that real-time gold price monitoring, blockchain-based transparency, diversified (non-gold) collateral products, and hedging instruments can strengthen pawnshop resilience, while also expanding equitable access to credit for underserved populations, particularly in remote areas. Conclusion: Technological innovation paired with supportive policy can simultaneously stabilize the pawnshop sector and advance financial inclusion as a pathway to sustainable, community-centered economic development. Novelty/Originality of this article: This study contributes a structured roadmap linking financial risk management in the pawnshop sector to broader sustainability and inclusive-growth goals, an intersection largely unexplored in existing literature.

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