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Journal : Jurnal Al-Qiyam

Transformation of Sharia Supervision in the Digital Islamic Financial Ecosystem: Challenges and National Policy Directions Ermiati, Ermiati
International Journal on Advanced Science, Education, and Religion Vol 8 No 3 (2025): IJoASER (International Journal on Advanced Science, Education)
Publisher : Sekolah Tinggi Agama Islam Al-Furqan, Makassar - Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33648/ijoaser.v8i3.1175

Abstract

The digital transformation in the Islamic finance industry presents complex challenges to the effectiveness of the Islamic supervisory system. This study aims to analyze the strategic role of the Islamic Supervisory Board (SSB) in the digital financial ecosystem and identify key challenges and policy directions needed to strengthen its supervisory function. The research uses a qualitative approach with descriptive methods and case studies based on secondary literature, encompassing national regulations, policy reports, and recent scientific articles. Key findings indicate that the SSB faces structural, regulatory, and technological constraints that impact its supervisory effectiveness, particularly in the face of developments in financial technology such as Islamic fintech and digital banking. The lack of specific regulations, low technological literacy among SSB members, and limited institutional capacity hinder adaptive supervisory integration. The study also highlights the importance of utilizing real-time audit technology and strengthening regulations based on the principles of maqasid sharia to support the sustainability of the digital Islamic financial system. The study's conclusions emphasize that strengthening Islamic supervision in the digital era requires regulatory reform, increased human resource capacity, and technology integration based on Islamic governance principles. This study has implications for policy design and the development of an innovative and sustainable Islamic supervisory system.
Co-Authors Abdul Muis Hasibuan Abdul Wahab Adawiyah, Nabilah Al Afifah, Anisa Nur Agus Wahyudi Aini, Ayyida Alfairuz, Faiz Zahran Alfiah, Umi Anggrayni, Selfi Astriyan Anita Setyawati Araujo, Glorianita A. R. Ardianti, Aulia Sabriska Aulia, Santi Azizatunnisa, Auliyah Zahra Cahyani, Gita Cahyani, Regina Chairunnisa, Kenny Chatarina Umbul Wahyuni Daiatul, Rifqii Dwi, Yasmina ENDAH NESTITI URIP RAHAYU Ermiati, Lilis Mamuroh Etika Emaliyawati Evawati Evawati F. H., Finny Febrianti, Riska Nur Assyifa Feliciano Pinto, Feliciano Fitria, Dini Haddade, Abdul Wahid Handayani, Nathasa Harun, Hasniatisari Hendrawati Hendrawati Henny Suzana Mediani I. N. Rachmawati Ida Maryati Indah Mutia Indriyanti, Deviana Irwan Roza Islamey, Rasyadan Savero Iwan Shalahuddin Kamila, Shafa Amanda Tasya Khalam, Sadarul Khandra Fahmy Kundaryanti, Rini L. Sabri Lailatussya’diah, Rania Annisa Laili Rahayuwati Lestari, Resti Dharma Lilis Mamuroh Maruf, Irma Rachmawati Mira Trisyani Mira Trisyani Koeryaman Muhammad Rusydi Nabilla, Salsabila Napisah, Pipih Natasha, Windy Nur Oktavia Hidayati Nusaibah, Niken Oktapiani, Risna Ayu Parisa, Grisela Parwati, Hanny Cindi Purwadhi Purwadhi Putri, Maria Ulpa Ananda Rahmat, Fairuz Amelinda Rahmawati, Nur Rini Raini Diah Susanti Ratnawati, Ai Siti Restuning Widiasih Retnowulan, Veha Rika Rahmawati Rismayati, Rismayati Salmaa, Qoori Saputra, Afdal Satriya, Guntur Sihemran, Kast Kijay Siti Sarah Purnamasari Solehudin, Asep Sopia, Nurul Srimurni, Nita Ayu Suciawati, Anni Sugiharto, Firman Suherman, Ara Ardiansah Sukarman Sukarman Sukmawati Sukmawati Suntari, Yosiriyani Syalsabilla, Melsya Meira Tabah, Hikmah Mesti Tetti Solehati Titin Sutini Violalita , Fidela Windy Rakhmawati Y. Rustini Yani Restiani Widjaja, Yani Restiani Yanti Hermayanti Yanti, Henny Fitri Yudiaputri, Amiranendya Shabrina Yuli Rahmawati Yulianti, Sania Yuswilara, Yuswilara