Improve islamic financial literacy and optimize the islamic economy through financial technology: INPES apps
Abstract
In recent years, sharia financial technology has been growing rapidly in Indonesia. In early 2019, there were 55 sharia fintech companies registered as members of the Indonesian Fintech Sharia Association (AFSI). However, interestingly, according to survey conducted by The Financial Services Authority (OJK), the Islamic financial literacy index is still very low (8.11%), whereas understanding / knowing the law of muamalah is obligatory for every Muslim before they make any transaction. INPES platform integrates sharia learning and sharia financing in an online based application, where users must complete their muamalah course before they access financing services. This application can be applied at amil zakat institutions, Islamic boarding schools, and other non-bank financial institutions.
Keywords
Full Text:
PDFReferences
Akhtar; Shamshad; Zeti Akhtar Aziz; Robert W. Hefner; Nik Norzrul Thani; Angelo Venardos; Frank E. Vogel; and Ibrahim Warde. "Understanding Islamic finance: Local innovation and global integration." Asia policy 6, no. 1 (2008): 1-14.
Al-Albani, M. N.; Rania, A.; AInayati, F.; Yuswaji, A.; Fakhturrazi; and Facrurazi. (2005). Shahih Sunan Tirmidzi. Pustaka Azzam.
Alam, N.; Gupta, L.; and Zameni, A. (2019). Application of Blockchain in Islamic Finance Landscape. In Fintech and Islamic Finance (pp. 81-98). Palgrave Macmillan, Cham.
Al-Qarafi. (1900). al-Furuq. Dar al-Ma'arifa.
Al-Salem, Fouad H. (2009). "Islamic financial product innovation." International Journal of Islamic and Middle Eastern Finance and Management 2, no. 3: 187-200.
Al-Zarqa, M. A. (1968). al-Madkhal al-Fiqhi al-Am. Beirut: Dar al-Feker.
Amidjono, D. S.; Brock, J.; & Junaidi, E. (2016). Financial literacy in Indonesia. In International Handbook of Financial Literacy (pp. 277-290). Springer, Singapore.
Bukhari, I. (2009). Sahih al-Bukhari, trans. Muhammad Muhsin Khan (Beirut: Dar al-Arabia, 1985), 4, 165.
Firmansyah, E. A.; & Anwar, M. (2019). ISLAMIC FINANCIAL TECHNOLOGY (FINTECH): ITS CHALLENGES AND PROSPECT. In Achieving and Sustaining SDGs 2018 Conference: Harnessing the Power of Frontier Technology to Achieve the Sustainable Development Goals (ASSDG 2018). Atlantis Press.
Jamil, N. N.; and Seman, J. A. (2019). The Impact of Fintech On The Sustainability Of Islamic Accounting And Finance Education In Malaysia. Journal of Islamic, Social, Economics and Development (JISED), 4(17), 74-88.
Jorion, P. (2009). Risk management lessons from the credit crisis. European Financial Management, 15(5), 923-933
Keuangan, O.J. (2016). Survei Nasional Literasi dan Inklusi Keuangan 2016. Departemen Literasi dan Inklusi Keuangan Bidang Edukasi dan Perlindungan Konsumen, Financial Services Authority.
Lajis, S. M. (2019). Fintech and Risk-Sharing: A Catalyst for Islamic Finance. In Islamic Finance, Risk-Sharing and Macroeconomic Stability (pp. 237-254). Palgrave Macmillan, Cham.
Laldin, M. A.; and Furqani, H. (2019). FinTech and Islamic Finance. Fintech in Islamic Finance: Theory and Practice.
Rusydiana, A. S. (2018). Developing Islamic financial technology in Indonesia. Hasanuddin Economics and Business Review, 2(2), 143-152.
Sardiana, A. (2016). The Impact of Literacy to Shariah Financial Service Preferences. Etikonomi, 15(1), 43-62.
Susilowati, T., & Santoso, A. (2018). THE EFFECT OF SHARIA FINANCIAL LEARNING AND SHARIA FINANCIAL LITERACY ON INVESTMENT INTENTION. Journal of Islam and Science, 5(1), 23-28.
Yoshida, E. (2019). Fintech-Enabled Islamic Financial System and Financial Stability. In Islamic Monetary Economics and Institutions (pp. 181-192). Springer, Cham.
DOI: https://doi.org/10.17509/strategic.v19i2.25592
Refbacks
- There are currently no refbacks.
Copyright (c) 2020 Strategic : Jurnal Pendidikan Manajemen Bisnis
Strategic: Jurnal Pendidikan Manajemen Bisnis is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License
View My Stats