Maqasid sharia Parameters to Redesigning- Suad Fikri .pptx

Hahah

1. Maqasid Shariah Parameters to Re-Design Policy Performance of Fintech Lending Sharia in Indonesia Authors: Suad Fikriawan, Nafiah, Ahmad Sharifuddin Bin Mustapha, Sharifah Khadijah Binti Syed Abu Bakar Affiliations: Fakultas Syariah INSURI Ponorogo, Universiti Tun Hussein Onn Malaysia

2. Introduction Fintech Lending Sharia Overview Regulations: POJK 77 of 2016, DSN Fatwa 117 of 2018 Challenges: Regulations lag behind technological development Importance of evaluating Sharia principles in fintech

3. Research Aim Main Objective: Evaluate the application of Sharia principles in fintech lending in Indonesia Focus: Transparency, accountability, compliance with Sharia Research methods: Qualitative analysis, in-depth interviews with fintech players, regulators, and academics

4. Key Findings Challenges in Implementation: - Public lacks understanding of Sharia-compliant products - Mismatch between regulations and actual practices in the field - Limited product development under current regulations - Insufficient provisions for profit-sharing in fintech products

5. Maqasid Shariah in Fintech Lending Qasdu as-Shari’ (Intent of the Lawmaker): - Avoiding riba (interest) and gharar (uncertainty) - Ensuring fairness and social justice - Providing non-exploitative financial access Qasdu al-Mukallaf (Intent of the Legal Actor): - Correct intentions in financial transactions - Honesty and transparency in agreements

6. Policy Recommendations Public Education: Enhance public awareness and education on Sharia fintech products Regulatory Adjustments: Develop regulations responsive to market needs Innovation in Products: Introduce products aligned with Maqasid al-Shariah

7. Conclusion Sharia principles in fintech lending can ensure fairness and ethical transactions Aligning fintech policies with Maqasid al-Shariah will support sustainable growth of Sharia-compliant fintech in Indonesia

8. References 1. Nizar M. A. (2017). Financial technology (Fintech): Concept and development in Indonesia. 2. Lee I. & Sin Y. J. (2018). Fintech: Ecosystem, business model, investment decisions, and challenges. 3. Zhu X. et al. (2016). Business trends in the digital era: Evolution of theories and application.