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Putra, Iwan Eka
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Journal : West Science Islamic Studies

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Synergy of the National Sharia Board and the Financial Services Authority in the Development of Sharia Financial Regulations in Indonesia Ermaini, Ermaini; Arniwita, Arniwita; Putra, Iwan Eka; Ridwan, Mohammad; Munzir, Munzir; Sudarmanto, Eko
West Science Islamic Studies Vol. 3 No. 02 (2025): West Science Islamic Studies
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsiss.v3i02.1831

Abstract

This study examines the synergy between the National Sharia Board (Dewan Syariah Nasional, DSN) and the Financial Services Authority (Otoritas Jasa Keuangan, OJK) in developing sharia financial regulations in Indonesia. Employing a qualitative research approach, the study focuses on data obtained from semi-structured interviews with three informants, comprising a DSN representative, an OJK official, and a sharia finance expert. Key findings reveal the importance of collaborative decision-making, role clarity, structured communication mechanisms, and capacity building in ensuring effective regulation. However, challenges such as delays in policy integration and difficulties in addressing financial technology innovations persist. This research highlights the critical role of synergy between religious and regulatory institutions in fostering the growth of the sharia finance sector, positioning Indonesia as a global leader in Islamic finance.
Co-Authors Abd Halim Ade Irma Suryani Adi Putra Agesha Marsyaf AGESHA MARSYAF Ahmad Nasori Ahmad Nasori Ahmad Nasori Ahmad Nasori Ahmad Soleh Alfiyana, Alfiyana Ali Fahmi Andykawiratama wira Armiwita, Armiwita Arniwita, Arniwita Arpizal Asrini Asrini Aulia Yunicha Harly Auza Tiara Meilliati Azizah Septia Ningrum Deca Veronica Deliana Ardhani Dwijayanti, Novia Sri Ediansa, Oka Ekawarna . Ella Meiza Putri Ermaini Ermaini Etik Winarni Etik Winarni Etik Winarni, Etik Fachruddiansyah Muslim faizal riza Gustinar Gustinar Hario Tamtomo Hendra Kurniawan Hendri Purnandi Henny Sari Artha Purba Hidayati Hidayati Hidayati Hidayati Hidayatul Arief Ika Dwi Maya Ikhsan Akbar Muslim Ilham Pahlevi Indria Mayesti Iqra Wiarta Irmanelly, Irmanelly Jeni Vira Guswati Jezzyca Ria Paramita Kuswanto Kuswanto Leni Kurnia Mainita Mayasari Mohammad Ridwan Muhammad Amali, Muhammad Muhammad Arif Muhammad Arif Liputo Mukti Munzir Munzir, Munzir Mustika Mustika Mustika Mutia Wita Prasetia Nasori, Ahmad Novia Sri Dwijayanti Novia Sri Dwijayanti Nurmala Sari Nurmala Sari Nurmala Sari Oka Ediansah Oktarina, Desti Piety, Adinda Maharani Putri, Ella Meiza Refnida Rika Neldawati Rika Neldawaty Rini Kartika Sari Riyo Riyadi Rizki Mutiara Afrilia Romi Kurniadi Rosmiati Rosmiati Rosmiati Rosmiati Rosmiati Sahara Sahara Sari, Yolanda Sendy Permana Silaban, Erika Sabatany SIREGAR, DWI RAYANA Siswoyo Sri Muryati Sri Wahyuni Subhanjaya Angga Atmaja Sudarmanto, Eko Sudawan Supriadi Suherman Suherman Vina Alpionita Yaakub, Saleh Yolanda Sari Yorina An’guna Bansa Yuliska Putri Amanda Yunie Rahayu Zulfikri Akbar