Sharia Fintech: Opportunities and Challenges in Indonesia
Abstract views: 295
,
PDF downloads: 521
Abstract
Introduction: The rapid development of technology will certainly have a direct impact on the economic aspects of life. The presence of financial technology (fintech) will make it easier to obtain financing in a relatively fast time and easy to use capital. Fintech in Indonesia has given rise to a new innovation, namely sharia fintech. This study aims to determine the potential and challenges of fintech as an economic development effort correlated with sharia principles in encouraging a country's economic growth rate. Method: This study uses a qualitative approach of qualitative descriptive method because this research will explain the facts or symptoms that appear in the development of Islamic fintech in Indonesia. This research uses secondary data collection in the form of news and research journals on the phenomenon of Islamic fintech in Indonesia. Result: The results showed that currently the development of fintech platforms is growing rapidly from 2015. The presence of sharia fintech is a great. Based on OJK data, in 2021 the contribution of the Indonesian fintech industry has reached IDR272.4 trillion. This will certainly be an opportunity for the financial industry, especially sharia. Conclusion: To revolutionize conventional activities into sharia-based digital product service innovations to facilitate the community.
References
B. Rahardjo, Budi; Khairul, Ikhwan; Alkadri Kusalendra Siharis. 2019. “Pengaruh Financial Technology (Fintech) Terhadap Perkembangan UMKM Di Kota Magelang.” Prosiding Seminar Nasional Dan Call For Papers, Fakultas Ekonomi Universitas Tidar 347–56.
Chiko, Caroline. 2022. “El-Ecosy: Jurnal Ekonomi Dan Keuangan Islam.” 02(01).
D.Hadad, Muliaman. 2017. “Financial Technology (FinTech) Di Indonesia.” Otoritas Jasa Keuangan 45(2):176–77.
Efendi, Pinky Sutan, and Dwi Wulandari. 2022. “Peluang Dan Tantangan Fintech Syariah Dalam Mendorong Perekonomian UMKM Masyarakat Kediri.” 2(5):373–82.
Fajar, Mochammad, and Cintia Widya Larasati. 2021. “Peran Financial Technology (Fintech) Dalam Perkembangan UMKM Di Indonesia: Peluang Dan Tantangan.” Humanis (Humanities,Management and Science Proceedings) 1(2):702–15.
Fintech, Pinjaman, Pengaruh Pada, and Perekonomian Dan. 2022. “Pinjaman Fintech : Pengaruh Pada Perekonomian Dan Inklusi Keuangan Daerah Di Indonesia.” 2(4):502–12.
Fratiwi, Alfi. 2021. “Tinjauan Yuridis Transaksi Financial Technology Di Indonesia.” Media of Law and Sharia 2(4):367–82. doi: 10.18196/mls.v2i4.12828.
Ginting, Ari Mulianta, and Galuh Prila Dewi. 2013. “Pengaruh Pertumbuhan Ekonomi Dan Pertumbuhan Sektor Keuangan Terhadap Pengurangan Kemiskinan Di Indonesia.” Jurnal Ekonomi Dan Kebijakan Publik 4(2):117–30.
Hasan, Hurriah Ali. 2020. “Dampak Teknologi Dalam Transaksi Bisnis Umkm.” Jurnal Kajian Islam Kontemporer 11(2):52–63.
Hiyanti, Hida, Lucky Nugroho, Citra Sukmadilaga, and Tettet Fitrijanti. 2020. “Peluang Dan Tantangan Fintech (Financial Technology) Syariah Di Indonesia.” Jurnal Ilmiah Ekonomi Islam 5(3):326–33. doi: 10.29040/jiei.v5i3.578.
Kalmykova, Ekaterina, and Anna Ryabova. 2016. “FinTech Market Development Perspectives.” SHS Web of Conferences 28(2):01051. doi: 10.1051/shsconf/20162801051.
Kusnandar, Viva Budi. 2021. “Sebanyak 86,88% Penduduk Indonesia Beragama Islam.” Retrieved (https://databoks.katadata.co.id/datapublish/2021/09/30/sebanyak-8688-penduduk-indonesia-beragama-islam#:~:text=Berdasarkan data Direktorat Jenderal Kependudukan,86%2C88%25) beragama Islam).
Leong, Kelvin. 2018. “FinTech (Financial Technology): What Is It and How to Use Technologies to Create Business Value in Fintech Way?” International Journal of Innovation, Management and Technology 9(2):74–78. doi: 10.18178/ijimt.2018.9.2.791.
Maier, Erik. 2016. “Supply and Demand on Crowdlending Platforms: Connecting Small and Medium-Sized Enterprise Borrowers and Consumer Investors.” Journal of Retailing and Consumer Services 33:143–53. doi: 10.1016/j.jretconser.2016.08.004.
Marginingsih, Ratnawaty. 2021. “Program Pemulihan Ekonomi Nasional Sebagai Kebijakan Penanggulangan Dampak Pandemi Covid-19 Pada Sektor UMKM.” Moneter - Jurnal Akuntansi Dan Keuangan 8(2):110–16. doi: 10.31294/moneter.v8i2.10997.
Mujahidin, Muhamad. 2019. “Munich Personal RePEc Archive Opportunities and Challenges of Sharia Technology Financials in Indonesia Mujahidin, Muhamad.” Munich Personal RePEc Archive (94844).
Muzdalifa, Irma, Inayah Aulia Rahma, and Bella Gita Novalia. 2018. “Peran Fintech Dalam Meningkatkan Keuangan Inklusif Pada UMKM Di Indonesia (Pendekatan Keuangan Syariah).” Jurnal Masharif Al-Syariah: Jurnal Ekonomi Dan Perbankan Syariah 3(1). doi: 10.30651/jms.v3i1.1618.
Ngafifi, Muhamad. 2014. “Kemajuan Teknologi Dan Pola Hidup Manusia Dalam Perspektif Sosial Budaya.” Jurnal Pembangunan Pendidikan: Fondasi Dan Aplikasi 2(1):33–47. doi: 10.21831/jppfa.v2i1.2616.
Nurzianti, Rahma. 2021. “Revolusi Lembaga Keuangan Syariah Dalam Teknologi Dan Kolaborasi Fintech.” Jurnal Inovasi Penelitian 2(1):37.
Octaviani, Wulan. 2022. “Kontribusi Industri Fintech Indonesia Dalam Pemulihan Ekonomi Negara.” Retrieved (https://sampaijauh.com/kontribusi-industri-fintech-indonesia-10257).
OJK. 2020. “Penyelenggara Fintech Terdaftar Dan Berizin Di OJK per 30 April 2020.” Retrieved (https://www.ojk.go.id/id/berita-dan-kegiatan/publikasi/Pages/Penyelenggara-Fintech-Terdaftar-dan-Berizin-di-OJK-per-30-April-2020.aspx).
Otoritas Jasa Keuangan. 2016. “Peraturan Otoritas Jasa Keuangan Nomor: 77 /POJK.01/2016 TENTANG LAYANAN PINJAM MEMINJAM UANG BERBASIS TEKNOLOGI INFORMASI.” Otoritas Jasa Keuangan 1–29.
Rasidi, Yuddy Slamet, Catur Setio Budi, and Prasetyo Arie Hatmoko. 2021. “Fintech Syariah Alternatif Pendanaan Umkm Pada Masa Pandemi Covid-19 Di Indonesia.” Finansha- Journal of Sharia Financial Management 2(1):1–10. doi: 10.15575/fjsfm.v2i1.12462.
Rumondang, Astri. 2019. Fintech : Inovasi Sistem Keuangan Di Era Digital.
Saputri, Oktoviana Banda. 2020. “Pemetaan Potensi Indonesia Sebagai Pusat Industri Halal Dunia.” Jurnal Masharif Al-Syariah: Jurnal Ekonomi Dan Perbankan Syariah 5(2):23–38.
Subagiyo, Rokhmat. 2019. “Era Fintech: Peluang Dan Tantangan Bagi Ekonomi Syariah.” El-Jizya : Jurnal Ekonomi Islam 7(2):316–36. doi: 10.24090/ej.v7i2.3457.
Sugeng santoso, "E-commerce Transaction System in the Perspective of the Civil Code and Islamic Law", AHKAM Journal, Volume 4, Number 2, November 2016.
Wardhana, Adhitya, Bayu Kharisma, and Sarah Annisa Noven. 2020. “DINAMIKA PENDUDUK DAN PERTUMBUHAN EKONOMI DI INDONESIA.” Buletin Studi Ekonomi (February):22. doi: 10.24843/bse.2020.v25.i01.p02.
Winarto, Wahid Wachyu Adi. 2020. “Peran Fintech Dalam Usaha Mikro Kecil Dan Menengah (UMKM).” Jesya (Jurnal Ekonomi & Ekonomi Syariah) 3(1):61–73. doi: 10.36778/jesya.v3i1.132.
Yudhira, Ahmad. 2021. “Analisis Perkembangan Financial Technology (Fintech) Syariah Pada Masa Pandemi Covid-19 Di Indonesia.” Value 2(1):13–28. doi: 10.36490/value.v2i1.118.
Copyright (c) 2023 refi agustina, Fita Nurotul Faizah
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
JoIE: Journal of Islamic Economics allows the author(s) to hold the copyright without restrictions and allow the author(s) to retain publishing rights without restrictions, also the owner of the commercial rights to the article is the author.
