Peluang dan Tantangan Fintech (Financial Technology) Syariah di Indonesia

Hiyanti, Hida; Nugroho, Lucky; Sukmadilaga, Citra; Fitrijanti, Tettet

doi:10.29040/jiei.v5i3.578

Cited by 75 publications

(91 citation statements)

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“…The implementation of Syariah fintech in Indonesia getting attention from the Government along with the issuance of the related fatwa by DSN-MUI No. 117/DSN-MUI/II/2018 concerning information technology-based financing services that based on syariah principles (Hiyanti et al, 2019). The Fatwa was issued after the DSN-MUI No.…”

Section: Fintech Syariahmentioning

confidence: 99%

“…The opportunities and challenges of Indonesia syariah fintech according to a research by Hiyanti et al (2019), are as follows; The opportunities including: (1) OJK provides an opportunity for syariah fintech practitioners to register formally in OJK; (2) The ease of technology to carry out investment activities and donations; (3) The existence of conventional fintech cases and phenomena that occur in the community; (4) The majority of Indonesian Muslims are currently more than 207 million; (5) The opportunities for the inclusion of technological developments in Indonesia are still available. The challenges including: (1) The minimum Syariah fintech licensing and capitalizing, thus only 4 companies that have been registered in OJK;…”

Section: Syariah Fintech Opportunities and Challengesmentioning

confidence: 99%

See 1 more Smart Citation

The Impact of Covid-19 Pandemic: Challenges and Opportunities of Syariah Financial Technology

Tripalupi

Anggahegari

2020

Int. J. Nusantara Islam

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This paper aims to describe the challenges and opportunities of syariah financial technology (fintech) in Indonesia, due to the impact of covid-19 pandemic. Three things that become the focus of writing, include: syariah fintech; the impact of covid-19 pandemic on fintech; syariah fintech opportunities and challenges. This study uses a qualitative approach and descriptive method with documentation/text studies in the form of related data and literature studies. The conclusion of this research is: the growth of Syariah fintech assets at the end of 2019 increased by 2074.81% from the previous year. Although affected by the pandemic, the growth of fintech during this covid-19 pandemic remained relatively stable. Prominent opportunities and challenges for the Syariah fintech resulting from the impact of covid-19 pandemic, including increased use of fintech through online shopping platforms, payments and loans; accelerated digitalization of financial services; slowed economic activity; arose various risks; and decreased debtor/UMKM performance due to the impact of the pandemic.

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Section: Fintech Syariahmentioning

confidence: 99%

Section: Syariah Fintech Opportunities and Challengesmentioning

confidence: 99%

The Impact of Covid-19 Pandemic: Challenges and Opportunities of Syariah Financial Technology

Tripalupi

Anggahegari

2020

Int. J. Nusantara Islam

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“…In the current digital era, an innovation that has successfully transformed a system or market that is running has influenced human behavior and expectations, in this case consumers in accessing a variety of information and electronic service features (Hiyanti, Nugroho, Sukmadilaga, & Fitrijanti, 2020;Sulistiani, 2019;Usanti, Thalib, & Setiawati, 2020). Fintech is one of the methods of financial services that is gaining in popularity in today's digital era (Muzdalifa, Rahma, & Novalia, 2018).…”

Section: Introductionmentioning

confidence: 99%

The Problems of Consumer Protection in Fintech Peer To Peer Lending Business Activities in Indonesia

Disemadi

Yusro

Balqis

2020

SCJ

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Industrial Revolution 4.0 has influenced the development of technology and information. The presence of financial technology (fintech) especially fintech peer to peer lending in Indonesia is proof that the Industrial Revolution 4.0 has had an influence on economic aspects as a fundamental aspect of the country. The implementation of fintech peer to peer lending in providing alternative financing to consumers is currently faced with several problems, especially issues related to consumer protection. This study uses a normative legal research method with a statutory approach. This research shows that the state has tried to provide preventive protection to consumers through several regulations, namely Bank Indonesia Regulation Number 19/12/PBI/2017 concerning the Implementation of Financial Technology that regulates the procedures for implementing fintech in Indonesia and also the OJK Regulation Number 77/POJK.01/2016 on Information Technology-Based Lending and Borrowing Services that regulates OJK's supervisory function in implementing fintech peer to peer lending in Indonesia. This protects consumers through the regulation of digital-based savings and loan providers which must be officially registered to guarantee the legality of the organizer, electronic documents by statutory provisions, and dispute resolution mechanisms in the event of a dispute related to fintech peer to peer lending business activities.

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“…The cases and phenomena of conventional fintech that occur in society make the community assume that there is no difference between Sharia Fintech and Conventional Fintech (Hiyanti, Nugroho, Sukmadilaga, & Fitrijanti, 2019). Thus, support from the people is really in need and this is considered as one of the ways to gain Allah's blessing.…”

Section: Introductionmentioning

confidence: 99%

The DSN-Mui Fatwa Related to Fintech Applications in Islamic Financial Institutions Review

Nurlaela¹

2020

SJEKI

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– The tendency of society towards halal products is currently increasing, related to objects and muamalah. The development of the fintech applications needs to be tested or detailed again. Apart from examining this legal status, an interesting thing to develop is how to formulate a fintech application in accordance with the Islamic economic viewpoint. Therefore it is very necessary to always review the DSN-MUI fatwa regarding fintech applications in Islamic financial institutions. The results of this study will be an input for the DSN-MUI to formulate policies and fatwas. This research is a qualitative type. Through qualitative research, it is expected to be able to see phenomena more broadly and deeply in accordance with what is happening and developing in the social situation under study. The research subjects in this study are: (1) Sharia Card, (2) Sharia Charge Card, (3) Transfer and Collection, (4) Payment Services, and (5) Sharia Electronic Money. The results of this study indicate that: (1) the sharia card product is more appropriate to use the hawalah contract compared to the kafalah contract, and it is necessary to fix overdue fines, montly fees that are not related to debt, and remove merchant fees; (2) Sharia Charge Card products should use a hawalah contract rather than a kafalah contract and need to eliminate overdue fines; (3) the use of the wakalah contract on transfer and collection products is correct; (4) payment service products that use a wakalah and ijarah contract should only use one of them; and (5) electronic money can function like money, and there is no gharar case in this electronic money, and allows administration money and card making, and the transactions uses the hawalah principle. So, five improvements are proposed to the DSN-MUI fatwas related to fintech applications.

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Peluang dan Tantangan Fintech (Financial Technology) Syariah di Indonesia

Cited by 75 publications

References 0 publications

The Impact of Covid-19 Pandemic: Challenges and Opportunities of Syariah Financial Technology

The Impact of Covid-19 Pandemic: Challenges and Opportunities of Syariah Financial Technology

The Problems of Consumer Protection in Fintech Peer To Peer Lending Business Activities in Indonesia

The DSN-Mui Fatwa Related to Fintech Applications in Islamic Financial Institutions Review

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