Indonesia Conference Directory

Islamic financial technology (fintech) transactions has to be based on a contract that perform both sharia and legal compliance. Compliance is very essential since it influences the quality and reputation of an Islamic fintech company. This paper will review a musharaka akad used as sharia financing contract by “X” Islamic fintech company in Indonesia. Juridical-normative method is used to observe whether it complies with related national legislations and also sharia principles. From the research conducted, it is found that the musharaka akad of “X” Islamic fintech company in Indonesia does not comply with OJK Regulation on Peer-to-Peer Lending and also sharia contractual principles.