Digitalization of Islamic Finance

Epistemological Study of the National Sharia Board-Indonesian Council of Ulama’s Fatwa

Bibliographic Data

ID22310248
AuthorsTri Hidayati (0000-0003-3741-391X, Institut Agama Islam Negeri Bengkulu, corresponding author), Muhammad Syarif Hidayatullah (0009-0007-3470-8559, Universitas Islam Kadiri, corresponding author), Parman Komarudin (0000-0002-9366-4871, Universitas Islam Kalimantan Muhammad Arsyad Al Banjary, corresponding author), Atika Atika (0000-0001-8319-4135, Universitas Islam Negeri Raden Intan Lampung, corresponding author)
Year2023
Volume33
Issue2
Pages255-278
Publication date2023-10-31
Open AccessYes
TypeARTICLE
VenueAl-Ahkam (JOURNAL)
Journal identifiersISSN: 0854-4603 • E-ISSN: 2502-3209
PublisherUIN Walisongo Semarang (PUBLISHER)
DOI10.21580/ahkam.2023.33.2.17324
OpenAlexW4388603382
LanguageEN
Citations received3
References cited13

The dynamic and rapid development of digital business and finance requires progressive Sharia legal certainty. National Sharia Board-Indonesian Council of Ulama (Dewan Syariah Nasional – Majelis Ulama Indonesia/DSN-MUI) has issued several fatwas related to digital finance. This research aims to examine the portrait of DSN-MUI’s progressiveness towards the digital finance paradigm and aspects of Islamic legal epistemology in the DSN-MUI Fatwa with the theme of digital finance. This research uses a qualitative approach. The primary data for this research are the DSN-MUI fatwas up to 2021 with a digital theme, plus secondary data in the form of relevant literature. Data analysis uses content analysis techniques. The findings are that there are three DSN-MUI fatwas regarding digital finance in Sharia financial institutions, namely Fatwa No. 116/DSN-MUI/IX/2017, No. 117/DSN-MUI/II/2018, and No. 140/DSN-MUI/VIII/2021. These three fatwas constitute progressive Islamic business law and are important for the Sharia financial industry in Indonesia. DSN-MUI used the ta’līlī and istiṣlāḥi methods with the consideration that electronic money, digital-based financing, and crowdfunding are permissible (mubah) based on sharia principles to achieve benefit. These three DSN-MUI fatwas need to be transformed into OJK regulations and can become a source for making derivative fatwas

Business · Indonesian · Islam · Islamic finance · Political science · Sharia · Sukuk · Theology · Waqf · FinTech, Crowdfunding, Digital Finance · Islamic Finance and Banking Studies · Islamic Finance and Communication · Law · Accounting

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