• Muchlis Bahar UIN Imam Bonjol Padang
Keywords: Sharia Fintech, Development, Islamic Economy


The existence of technological developments strongly influences community life in Indonesia. On the economic side, the presence of sharia fintech will make it easier for the Indonesian people to have funds in emergencies easily and quickly. The purpose of carrying out this research is to be able to analyze how the development of sharia fintech in terms of Islamic economic law in Indonesia. This research will be conducted utilizing a qualitative methodology. The data used in this study originated from a variety of still-relevant prior studies. The conclusion that has been found in this study is that Islamic economic law has a developmental position that is parallel to other conventional economic laws. As for the implementation of sharia fintech, there are conveniences that borrowers will accept, such as no need to meet face to face and easy fulfillment of financial requirements following Islamic economic law.


Alt, R., Beck, R., & Smits, M. T. (2018). FinTech and the transformation of the financial industry. Electronic markets, 28(3), 235-243.
Berakon, I., Aji, H. M., & Hafizi, M. R. (2021). Impact of digital Sharia banking systems on cash-waqf among Indonesian Muslim youth. Journal of Islamic Marketing.
Budiono, A., Muhammad, A. D., Atmoko, F. A. Z., Aslika, S. M. A., Kusumo, W. B., Hartanto, D. W. T., & Amin, M. Q. (2022). Policy for Implementation of Islamic Law Under Special Autonomous Province. International Journal of Multicultural and Multireligious Understanding, 9(3), 626-636.
Cunha, F. B. F., Carani, C., Nucci, C. A., Castro, C., Silva, M. S., & Torres, E. A. (2021). Transitioning to a low carbon society through energy communities: Lessons learned from Brazil and Italy. Energy Research & Social Science, 75, 101994.
Fahlevi, M. (2019). Islamic economy and politics in the view of Muhammad Baqir Sadr. Journal of Research in Business, Economics and Management, 13(2), 2431-2436.
Ferdiana, A. M. K., & Darma, G. S. (2019). Understanding Fintech Through Go-Pay. International Journal of Innovative Science and Research Technology, 4(2), 257-260.
Furqani, H., Adnan, G., & Mulyany, R. (2020). Ethics in Islamic economics: microfoundations for an ethical endogeneity. International Journal of Ethics and Systems.
Hanafizadeh, P., & Amin, M. G. (2022). The transformative potential of banking service domains with the emergence of FinTechs. Journal of Financial Services Marketing, 1-37.
Hartati, S. (2021). The Concept of Populist Economy based on Transcendental Law. LEGAL BRIEF, 10(2), 131-139.
Iman, N. (2018). Is mobile payment still relevant in the fintech era?. Electronic Commerce Research and Applications, 30, 72-82.
Kharisma, D. B. (2020). Urgency of financial technology (Fintech) laws in Indonesia. International Journal of Law and Management.
Mulyany, R., & Furqani, H. (2019). Sharing prosperity: Distributive justice framework in an Islamic moral economy. Madania: Jurnal Kajian Keislaman, 23(2), 117-126.
Nisar, T. M., Prabhakar, G., & Torchia, M. (2020). Crowdfunding innovations in emerging economies: Risk and credit control in peer‐to‐peer lending network platforms. Strategic Change, 29(3), 355-361.
Pati, U. K., Pujiyono, P., & Pranoto, P. (2021). Sharia fintech as a sharia compliance solution in the optimization of electronic-based mosque’s Ziswaf management. Padjadjaran Jurnal Ilmu Hukum (Journal of Law), 8(1), 47-70.
Pollio, A., & Cirolia, L. R. (2022). Fintech urbanism in the start-up capital of Africa. Journal of Cultural Economy, 1-16.
Pratama, A. P., Disemadi, H. S., & Prananingtyas, P. (2019). Existence And Position of Islamic Economic Laws in Indonesia. Legality: Jurnal Ilmiah Hukum, 27(2), 222-231.
Rabbani, M. R., Bashar, A., Nawaz, N., Karim, S., Ali, M. A. M., Rahiman, H. U., & Alam, M. (2021). Exploring the role of islamic fintech in combating the aftershocks of covid-19: The open social innovation of the islamic financial system. Journal of Open Innovation: Technology, Market, and Complexity, 7(2), 136.
Rahmayati, R. (2021). Competition Strategy in the Islamic Banking Industry: An Empirical Review. International Journal of Business, Economics, And Social Development, 2(2), 65-71.
Riyanti, R. (2021). The Role of Islamic Law in the Development of the National Law System in Indonesia. LEGAL BRIEF, 10(2), 124-130.
Rusydiana, A. S. (2018). Developing Islamic financial technology in Indonesia. Hasanuddin Economics and Business Review, 2(2), 143-152.
Shen, W., & Hou, L. (2021). China’s central bank digital currency and its impacts on monetary policy and payment competition: Game changer or regulatory toolkit?. Computer Law & Security Review, 41, 105577.
Surya, B., Menne, F., Sabhan, H., Suriani, S., Abubakar, H., & Idris, M. (2021). Economic growth, increasing productivity of SMEs, and open innovation. Journal of Open Innovation: Technology, Market, and Complexity, 7(1), 20.
Teng, S., & Khong, K. W. (2021). Examining actual consumer usage of E-wallet: A case study of big data analytics. Computers in Human Behavior, 121, 106778.
Trimulato, T., Nafis, M. C., & Amalia, E. (2022). The Role Sharia Fintech Support Sustanaible Development Goals Program (SDGs). Jurnal Ilmiah Ekonomi Islam, 8(1), 251-259.
Wiguna, Y. P. K., & Wirdyaningsih, W. (2022). Analysis of the Use of Sharia Financial Technology (Fintek) Services Study on Application Services at PT. Ammana Fintech Shari’ah According to the Fatwa of Dsn Mui and Islamic Law. JHSS (Journal of Humanities and Social Studies), 6(2), 185-192.
How to Cite
Bahar, M. (2022). ISLAMIC ECONOMIC DEVELOPMENT IN INDONESIA THROUGH THE IMPLEMENTATION OF SHARIA FINTECH. Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi), 6(3), 761-773.