Law review on fintech P2P lending, regulations and its institutions in Indonesia

Burhanuddin, Susamto, Akbar, Akhmad and Tajuddin, M. Maulana (2022) Law review on fintech P2P lending, regulations and its institutions in Indonesia. Presented at International Conference on Engineering, Technology, and Social Sciences (ICONETOS) 2022, 1 Nov 2022, Malang, Indonesia.

15295.pdf - Published Version

Download (494kB) | Preview


This article aims to review fintech P2P lending in Indonesia from the perspective of Islamic law. P2P lending has great potential to support financial inclusion in the context of economic empowerment from various layers. However, if this P2P lending practice is not accompanied by adequate legal instruments, this financing model will have a high risk. Legal protection needs to be given to all parties involved in this transaction proportionally. Islamic law needs to review the practice of P2P lending in Indonesia so that in the future it can provide more benefits to the community. From the results of the review, it was found that there are no regulations that support the establishment of Islamic P2P lending. The P2P lending concept cannot accommodate sharia contracts that can be applied to fintech financing. Islamic P2P lending companies in Indonesia are still few compared to conventional ones, and even there is no guarantee of complying with sharia principles.

Item Type: Conference (Paper)
Keywords: Islamic law review; fintech; P2P lending; regulations; institutions; Indonesia
Subjects: 18 LAW AND LEGAL STUDIES > 1801 Law > 180127 Mu'amalah (Islamic Commercial & Contract Law) > 18012799 Mu'amalah (Islamic Commercial & Contract Law) not elsewhere classified
Divisions: Faculty of Sharia and Law > Department of Sharia Business Law
Depositing User: Dr. Burhanuddin Susamto, SHI, M.Hum
Date Deposited: 24 Jul 2023 10:38


Downloads per month over past year

Origin of downloads

Actions (login required)

View Item View Item