THE URGENCY OF FINTECH LENDING REGULATIONS AT BANK SYARIAH INDONESIA (BSI): ANALYSIS OF LEGAL PROTECTION FOR SERVICE

Abstrak

The development of sharia fintech lending continues to stretch targeting the Muslim community. However, the implementation of sharia fintech lending in Indonesia is still oriented to conventional fintech regulations so that there is the potential for deviations in terms of sharia compliance (sharia compliance) and can provide a gap for providers to make various deviations that harm service users. This study aims to analyze the position of sharia fintech lending and the urgency of the formation of its regulations in Indonesia while also taking pictures of legal protection efforts for service users. This research is a normative juridical research instrumented by the statute approach and the conceptual approach. The data used in this study is secondary data consisting of primary, secondary and tertiary legal materials obtained through library research or document studies. The results of the study found that the operationalization of the sharia fintech business has a sufficient legal umbrella to be used as the basis for the implementation of sharia fintech referring to several related regulations in the form of laws or government regulations and/or institutions such as POJK No. 77 of 2016 and DSN-MUI Fatwa No. 117 of 2018. However, the POJK has more connotations towards conventional fintech so that it has the potential to cause deviations from sharia compliance (sharia compliance). Therefore, the establishment of sharia fintech regulations is very important as a form of protection for service users