THE POWER OF SHARIA FINANCIAL TECHNOLOGY REGULATION IN INDONESIA

Dian Febriyani

Authors

Dian Febriyani Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Keywords:

Regulation, Fintech, Sharia

Abstract

In today's digital era, all activities using digital systems provide convenience and speed in carrying out all the activities needed, one of which is conducting financial transactions. Financial technology provides digital financial transaction services with various convenient features to make the required financial transactions. The presence of fintech certainly changes people's behavior in financial transactions with the conveniences offered by fintech services. Islamic financial institutions also follow the development of digital services and meet the needs of the public in conducting sharia-based digital financial transactions. With this change in digital financial transaction patterns, it is necessary to have a regulation that regulates and supervises the running of sharia-based fintech business practices in Indonesia. This study aims to analyze the basics of sharia fintech business regulations in Indonesia and explain the impact of these regulations on the development of sharia fintech in Indonesia. The study used normative juridical methods. The results showed that in Indonesia, the legal basis for the running of sharia fintech was POJK No. 77/POJK.01/2016. OJK changed the regulation with the issuance of POJK No. 10/POJK.05/2022, which specifically regulates the running of sharia fintech in Indonesia. This can provide regulatory strength to the running of sharia fintech services.

Downloads

Download data is not yet available.

Author Biography

Dian Febriyani, Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

References

H. S. Disemadi, M. A. Yusro, dan W. G. Balqis, “The Problems of Consumer Protection in Fintech Peer To Peer Lending Business Activities in Indonesia,” Sociol. Jurisprud. J., vol. 3, no. 2, hal. 91–97, 2020, doi: 10.22225/scj.3.2.1798.91-97.

U. Kamal dan A. S. Ningsih, “The Urgency of Revising The Finance Services Authority Regulation Number 77/POJK. 01/2016 As an Umbrella Law in Practicing Peer to Peer Lending based on Financial Technology in Indonesia,” Pandecta Res. Law J., vol. 16, no. 1, hal. 186–194, 2021, [Daring]. Tersedia pada: https://journal.unnes.ac.id/nju/index.php/pandecta/article/view/30397.

Mudjahidin, A. A. Hidayat, dan A. P. Aristio, “Conceptual model of use behavior for peer-to-peer lending in Indonesia,” Procedia Comput. Sci., vol. 197, no. 2021, hal. 215–222, 2021, doi: 10.1016/j.procs.2021.12.134.

A. K. Silalahi, “Urgensi Undang-Undang Fintech (Peer to Peer Lending) P2P Terkait Pandemi Covid-19,” J. Huk. POSITUM, vol. 5, no. 2, hal. 20–31, 2020.

E. Abad-Segura, M. D. González-Zamar, E. López-Meneses, dan E. Vázquez-Cano, “Financial Technology: Review of trends, approaches and management,” Mathematics, vol. 8, no. 6, hal. 1–36, 2020, doi: 10.3390/math8060951.

V. Sangwan, Harshita, P. Prakash, dan S. Singh, “Financial technology: a review of extant literature,” Stud. Econ. Financ., vol. 37, no. 1, hal. 71–88, 2020, doi: 10.1108/SEF-07-2019-0270.

M. Fachrurrazy dan D. N. Siliwadi, “Regulasi Dan Pengawasan Fintech Di Indonesia : Persfektif Hukum Ekonomi Syariah,” AL-SYAKHSHIYYAH J. Huk. Kel. Islam dan Kemanus., vol. 2, no. 2, hal. 154–171, 2020, doi: 10.35673/as-hki.v2i2.928.

I. Rahadiyan dan M. Hawin, “Pengaturan Dan Penerapan Mitigasi Risiko Dalam Penyelenggaraan Peer To Peer Lending Guna Mencegah Pinjaman Bermasalah,” J. Huk. Ius Quia Iustum, vol. 27, no. 2, hal. 285–307, 2020, doi: 10.20885/iustum.vol27.iss2.art4.

D. Rizki, “A Peer-to-Peer Lending Methods in Management of Zakat Funds through Sharia Financial Institutions,” Int. Conf. Zakat, hal. 25–40, 2019, doi: 10.37706/iconz.2019.146.

S. A. Serlika Aprita, “Peranan Peer to Peer Lending dalam Menyalurkan Pendanaan pada Usaha Kecil dan Menengah,” J. Huk. Samudra Keadilan, vol. 16, no. 1, hal. 37–61, 2021, doi: 10.33059/jhsk.v16i1.3407.

T. N. Cahyadi, “Aspek Hukum Pemanfaatan Digital Signature Dalam Meningkatkan Efisiensi, Akses Dan Kualitas Fintech Syariah,” J. Rechts Vinding Media Pembin. Huk. Nas., vol. 9, no. 2, hal. 219, 2020, doi: 10.33331/rechtsvinding.v9i2.424.

A. Syamil, P. Heriyati, A. Devi, dan M. S. Hermawan, “Understanding peer-to-peer lending mechanism in indonesia: A study of drivers and motivation,” ICIC Express Lett. Part B Appl., vol. 11, no. 3, hal. 267–277, 2020, doi: 10.24507/icicelb.11.03.267.

M. R. Alfaris, M. W. Mursida, dan M. I. D. Syahroni, “Model Regulasi Financial Technology Syariah Dalam Kerangka Hukum Indonesia: Studi Perbandingan Malaysia Dan Inggris,” Legislatif, vol. 3, no. 1, hal. 73–96, 2019.

K. Benuf, E. A. Priyono, S. Mahmudah, S. M. Badriyah, B. Rahmanda, dan A. Soemarmi, “Efektifitas Pengaturan dan Pengawasan Bisnis Financial Technology (Peer to Peer Lending) di Indonesia,” Pandecta Res. Law J., vol. 15, no. 2, hal. 198–206, 2020, [Daring]. Tersedia pada: https://journal.unnes.ac.id/nju/index.php/pandecta/article/view/21777.

F. A. Aziz, “Menakar Kesyariahan Fintech Syariah di Indonesia,” Al-Manahij J. Kaji. Huk. Islam, vol. 14, no. 1, hal. 1–18, 2020, doi: 10.24090/mnh.v14i1.3567.

H. Nugroho, “Perlindungan Hukum bagi Para Pihak dalam Transaksi Pinjaman Online,” J. Huk. Positum, vol. 5, no. 1, hal. 32, 2020, doi: 10.35706/positum.v5i1.3482.

Y. S. Rasidi, C. S. Budi, dan P. A. Hatmoko, “Fintech Syariah Alternatif Pendanaan Umkm Pada Masa Pandemi Covid-19 Di Indonesia,” Finans. J. Sharia Financ. Manag., vol. 2, no. 1, hal. 1–10, 2021, doi: 10.15575/fjsfm.v2i1.12462.

A. N. Rohman, S. Sugeng, D. Fitriana, dan W. R. Aidy, Ekosistem Bisnis Dan Regulasi Fintech Syariah Dalam Perspektif Keamanan Ekonomi. 2021.

E. Mulyati dan N. Harrieti, “Sosialisasi Regulasi Financial Technology Syariah Dan Wakaf Uang Dalam Pelaksanaan Waqf Fintech Di Indonesia,” Dharmakarya, vol. 10, no. 1, hal. 53–57, 2021, doi: 10.24198/dharmakarya.v10i1.31067.

T. Winarsih, “Memaknai Perkembangan Fintech Syariah melalui Sistem Akad Syariah,” vol. 1, no. 3, hal. 130–142, 2022.