Challenges and Obstacles of Sharia Fintech Implementation in Indonesia

  • Muthoifin Muthoifin Universitas Muhammadiyah Surakarta
  • Ine Nurul Lutfiah Universitas Muhammadiyah Surakarta


Sharia fintech has great potential to encourage financial inclusion and Sharia-based economic growth in Indonesia. However, its implementation is faced with several challenges and obstacles that need to be overcome. This study aims to provide an in-depth analysis of the challenges and obstacles faced in the implementation of Sharia fintech in Indonesia. Through qualitative approach and descriptive analysis, this study conducted an in-depth literature review and secondary data analysis to understand the regulatory framework, literacy and awareness levels, as well as technological limitations that affect the implementation of sharia fintech in Indonesia. The results of this study provide a comprehensive understanding of the challenges that need to be overcome in developing Sharia fintech, including regulatory constraints, increased literacy and awareness, and technological limitations. The implications of these findings are expected to provide insights for regulators, Sharia fintech companies, and relevant stakeholders to develop a strong and sustainable Sharia fintech ecosystem in Indonesia.

How to Cite
MUTHOIFIN, Muthoifin; LUTFIAH, Ine Nurul. Challenges and Obstacles of Sharia Fintech Implementation in Indonesia. International Conference on Law, Technology, Spirituality and Society (ICOLESS), [S.l.], v. 3, p. 143-154, jan. 2024. ISSN 2828-111X. Available at: <>. Date accessed: 05 mar. 2024.