The Urgency of Regulating Fintech Peer to Peer Lending Sharia in Indonesia

DOI

10.2991/assehr.k.211014.036How to use a DOI?

Keywords

Peer to Peer Lending Sharia, utilitarian, regulation

Abstract

This reserch aims to analyze the urgency of Fintech Peer to Peer Lending (P2P Lending) Sharia law in Indonesian Muslim communities. This research is normative legal research that is authoritative and technical/applied. The research approach uses the law approach. The licensed material of this research uses primary and secondary legal materials. The technique of collecting legal materials through library research or document research (library research), then analyzed using qualitative methods. The results of this research are applying the theory of utilitarian and sharia principles in the legal arrangement of Fintech P2P Lending Sharia is expected to meet the Indonesian Muslim community’s sense of security in choosing the best alternative for P2P Lending financial services. although the parties feel safe, the Fatwa as the legal basis for the implementation of sharia P2P fintech does not have a position in a positive source of Indonesian law so that it is not binding; and to be valid and binding, the fatwa must be regulated in a statutory regulation.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Otih Handayani
AU  - Adi Sulistiyono
AU  - Yudho Taruno Muryanto
PY  - 2021
DA  - 2021/10/16
TI  - The Urgency of Regulating Fintech Peer to Peer Lending Sharia in Indonesia
BT  - Proceedings of the International Conference on Environmental and Energy Policy (ICEEP 2021)
PB  - Atlantis Press
SP  - 170
EP  - 175
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.211014.036
DO  - 10.2991/assehr.k.211014.036
ID  - Handayani2021
ER  -