Indonesia Islamic Fintech Applications Landscape
Leon A. Abdillah

Universitas Bina Darma

Abstract

Information technology has changed the world towards a digital system including the digital economy and payment technology. The COVID-19 outbreak has forced all parties to accelerate and expand IT-based and digital services. The lack of studies related to Islamic FinTech in Indonesia is the main reason for writing this article. Continuing previous research, it is known that Indonesia in general has followed the times with many FInTechs and startups growing. However, there are still very few Sharia-based services. After conducting online surveys with a number of agencies such as OJK, FinTech Islami Indonesia, it is known that 12 out of 158 FinTechs operate or serve sharia schemes. They provide financial services for: SMEs & MSMEs, general or consumptive financing, Umrah and Hajj trips, property projects, education and health. In the future, it is hoped that more Indonesian Islamic FinTechs include those serving other sectors such as Agriculture, Forestry, Maritime Affairs and Fisheries, etc.

Keywords: Digital economy, E-commerce, Islamic fintech, Information Technology.

Topic: Marketing and Fintech in Terms of Islamic Perspective