<![CDATA[The development of technology-based funding services has transformed legal relationships in the financial services sector and increased the need for legal certainty, governance, risk management, and consumer protection. In the Islamic finance context, the complexity is heightened because providers must comply not only with positive law but also with Sharia principles. This study examines the adequacy of Indonesia's regulatory framework for Sharia fintech following Law Number 4 of 2023 on Financial Sector Development and Strengthening as amended by Law Number 4 of 2026, Financial Services Authority Regulation Number 40 of 2024 on Information Technology-Based Joint Funding Services, Financial Services Authority Regulation Number 22 of 2023 on Consumer and Public Protection in the Financial Services Sector, and Financial Services Authority Circular Letter Number 19/SEOJK.06/2025. This normative legal research employs statutory, conceptual, and comparative approaches. The study finds that the legal problem is no longer appropriately framed as the absence of regulation, but as the integration of positive law, Sharia standards, Sharia supervisory governance, risk management, consumer protection, dispute resolution, and enforcement. POJK 40/2024 strengthens the LPBBTI framework, including provisions on Sharia business units, Sharia Supervisory Boards, governance, and risk mitigation. SEOJK 19/2025 further operationalizes Sharia compliance through references to fatwas and/or Sharia Supervisory Board opinions and periodic evaluation. Nevertheless, the functional relationship between fatwas, DPS, Sharia risk management, consumer protection, and enforcement still require strengthening. This study proposes a Sharia compliance chain as a model for strengthening regulatory governance of Sharia fintech in Indonesia.]]>
