Contribution The Contribution of Sharia Fintech to Increasing Financial Inclusion in the Muslim Community Amidst the Rise of Illegal Online Loans (Pinjol) in 2025
The Role of Sharia Fintech in Muslim Financial Inclusion in the Era of Illegal Loans
DOI:
https://doi.org/10.29040/jiei.v11i06.18642Keywords:
Fintech Syariah, Financial Inclusion, Muslim Community, Illegal Online LoansAbstract
The rise of illegal online lending (pinjol) practices in Indonesia in 2025 has created various economic and social problems, especially for Muslims who need fast financial access while remaining compliant with Sharia principles. This phenomenon has pushed the urgency of strengthening the role of Sharia fintech as an alternative financial service that is safe, transparent, and based on Sharia values. This study aims to uncover the contribution of Sharia fintech to increasing financial inclusion among Muslims amidst the high number of cases involving data fraud, bribery (riba), and unethical collection practices carried out by illegal pinjol. The research method used a qualitative approach with literature review techniques from various recent OJK regulations for 2024–2025, Sharia financial industry reports, and relevant research findings related to the development of Sharia fintech and the dynamics of illegal pinjol. The study's findings indicate that Islamic fintech not only provides access to financing based on halal contracts such as murabahah, qardhul hasan, and musyarakah, but also provides Islamic financial literacy education, increases public trust through transparent cost mechanisms, and supports financial stability through a more supervised digital ecosystem. The study concludes that optimizing technological innovation, strengthening regulations, and collaborating with the Islamic fintech industry, the government, and conventional Islamic financial institutions are key factors in maximizing the contribution of Islamic fintech to increasing financial inclusion while reducing dependence on illegal lenders. These findings can inform policymaking to strengthen the digital Islamic financial system and encourage economic empowerment of the Muslim community in the digital era of 2025.
References
Alfian, I., & Majid, M. S. A. (2025). The Role of Sharia Fintech in Enhancing Financial Inclusion in the Digital Era. 8(1), 79–94. https://doi.org/https://doi.org/10.22515/jfib.v8i1.11798
Arner, D. (2016). The Evolution Of Fintech : A New Post-Crisis Paradigm ? SSRN Electronic Journal. https://doi.org/https://doi.org/10.2139/ssrn.2676553
Collins, S. P., Storrow, A., Liu, D., Jenkins, C. A., Miller, K. F., Kampe, C., & Butler, J. (2021). Financial Literacy, FinTech, and Contemporary Innovation in Islamic Economic Law: An Analysis of MSME Performance Sustainability in Indonesia and Malaysia. Metro Islamic Law Riview, 4(2), 167–186. https://doi.org/https://doi.org/10.32332/milrev.v4i2.10164
Dewi, I. S., & Adinugraha, H. H. (2023). The Role Of Sharia Fintech In Improving Halal Financial Inclusion In Msmes In Indonesia. 3(1), 18–29.
Gandasari, M., Hidayat, R. R., & Siswajanthy, F. (2025). Peran Otoritas Jasa Keuangan (OJK) dalam Mengawasi Fintech Lending sebagai Instrumen Ekonomi Digital. IJIJEL: Indonesian Journal of Islamic Jurisprudence,Economic and Legal Theory, 3, 399–408. https://doi.org/https://doi.org/10.62976/ijijel.v3i1.941
Hidayat, A., Azizah, N., & Ridwan, M. (2022). Pinjaman Online dan Keabsahannya Menurut Hukum Perjanjian Islam. Jurnal Indragiri Penelitian Multidisiplin, 2(1). https://doi.org/10.58707/jipm.v2i1.115
Lee, I., & Shin, Y. J. (2018). Fintech: Ecosystem, business models, investment decisions, and challenges. Business Horizons, 61(1). https://doi.org/10.1016/j.bushor.2017.09.003
Marlina, A. S., & Fatwa, N. (2021). Fintech Syariah Sebagai Faktor Pendorong Peningkatan Inklusivitas Usaha Mikro Kecil dan Menengah Di Indonesia. Tabarru’, 4(November), 412–422. https://doi.org/https://doi.org/10.25299/jtb.2021.vol4(2).7804
Rifa Hafizhah Rukmana, Yasmin Humaira Azzahra, William Ishaq Juarsyah Gusti N, & Muhammad Parhan. (2025). Perspektif Islam Mengenai Pinjaman Online: Cepat Cair, Lambat Sadar, Berat Tanggungan Dunia dan Akhirat. Akhlak: Jurnal Pendidikan Agama Islam Dan Filsafat, 2(3), 302–324. https://doi.org/https://doi.org/10.61132/akhlak.v2i3.1023
Ruhliandini, P. Z. (2025). Peran Fintech Syariah dalam Mendorong Inklusi Keuangan Berbasis Digital. 4(3), 514–524. https://doi.org/https://doi.org/10.32627/dimamu.v4i3.1551
Safitri, F. (2025). Peran Fintech Syariah dalam Meningkatkan Inklusi Keuangan Milenial Muslim. Jurnal Ekonomi Syariah, 1(2), 45–58. https://e-journal.stai-almaliki.ac.id/index.php/ekonomisyariah/article/view/308
Said, M. (2023). Optimizing Sharia Fintech for Financial Inclusion in Indonesia in the Digital Era : An Islamic Economic. Journal Page Is Available To, 6(1), 1–16. https://www.researchgate.net/profile/Muhammad-Said-19/publication/392722560_Optimizing_Sharia_Fintech_for_Financial_Inclusion_in_Indonesia_in_the_Digital_Era_An_Islamic_Economic_Perspective/links/684fc7177869fe75c5596127/Optimizing-Sharia-Fintech-for-Fina
Suyono, Suyono., Cindi, A., Adryani, N., Zanati, L., Wasi, A., Amrullah, Safitri, D., Rindang, S., & Barzanji, A. (2024). Sosialisasi Pencegahan Judi Online dan Pinjaman Online Bagi Kalangan Muda di Desa Jimbaran Kulon. Jurnal Pengabdian Masyarakat Waradin, 4(3), 88–97. https://doi.org/https://doi.org/10.56910/wrd.v4i3.367
Zulfa, M. H., & Wahid, U. I. N. K. H. A. (2025). Peran financial technology syariah dalam meningkatkan inklusi keuangan di kalangan UMKM berbasis syariah di Indonesia. Ekonomi Pembangunan Dan Pariwisata, 5(April), 36–41. https://doi.org/https://doi.org/10.52300/jepp.v5i1.20311
Published
How to Cite
Issue
Section
Citation Check
License
The copyright of the article fully belongs to the Jurnal Ilmiah Ekonomi Islam and publishing rights belong entirely to LPPM STIE AAS Surakarta
This work is licensed under a Creative Commons Attribution 4.0 International License.
