Sahban Sahban
Fakultas Hukum Universitas Muslim Indonesia

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Between Innovation and Prohibition: A Contextualised Islamic Legal Analysis of Cryptocurrency Compliance with Sharīʿah Principles in the Indonesian Context Sahban Sahban; Zainuddin Zainuddin; Wahida Wahida
Jurnal Ilmiah Mizani: Wacana Hukum, Ekonomi Dan Keagamaan Vol 13, No 1 (2026): January-June
Publisher : Faculty of Sharia (Islamic Law) at Fatmawati Sukarno State Islamic University Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29300/mzn.v13i1.10673

Abstract

Despite growing scholarly attention to Islamic finance and digital technology, the existing literature has not produced a systematic contextualised Islamic legal analysis that integrates classical fiqh doctrines — particularly gharār, maysīr, and ribā — with the structural and functional characteristics of contemporary cryptocurrency instruments. This lacuna generates normative uncertainty for Muslim investors, Islamic financial institutions, and Sharīʿah regulatory authorities in Indonesia. This study critically examines the extent to which cryptocurrency — as a blockchain-based financial technology — satisfies or violates Sharīʿah principles, and proposes a contextualised Islamic legal framework for evaluating cryptocurrency compliance within the Indonesian regulatory and fatwa environment. A normative legal research design was employed, combining a conceptual approach (analysis of classical fiqh categories and maqāṣid al-Sharīʿah) with a statutory approach (examination of DSN-MUI Fatwa No. 116/2017, OJK Regulation No. 27/2024, and Bappebti regulatory instruments). Primary and secondary legal sources were analysed using qualitative descriptive method with purposive thematic synthesis. Standard cryptocurrencies such as Bitcoin exhibit characteristics of gharār fāhish (excessive uncertainty) and maysīr due to extreme price volatility and speculative trading structures, rendering them presumptively impermissible under the majority scholarly position. Ribā-related concerns emerge specifically in crypto lending and DeFi yield mechanisms. However, the underlying blockchain technology demonstrates structural alignment with Sharīʿah principles of amānah (trustworthiness) and transparency. Asset-backed, Sharīʿah-screened tokens present a viable pathway toward compliance. This study offers the first contextualised Islamic legal framework that disaggregates cryptocurrency compliance analysis by instrument type, distinguishing standard cryptocurrencies, asset-backed stablecoins, and blockchain infrastructure — an analytical move absent in prior literature. Unlike existing studies that assess cryptocurrency compliance wholesale, this paper applies maqāṣid al-Sharīʿah's hifz al-māl (protection of wealth) as an evaluative metric, demonstrating that partial compliance is possible under specific structural conditions. The findings provide actionable guidance for Indonesian Sharīʿah authorities and policymakers navigating the regulatory transition from Bappebti to OJK.
Consumer Legal Protection in Telecommunication: Doctrinal and Comparative Insights from Indonesia and Spain Anggreany Arief; Asriati Asriati; Sahban Sahban; Retno Sari Dewi; Antonio Gutiérrez-Pozo
Fiat Justisia: Jurnal Ilmu Hukum Vol. 20 No. 2 (2026)
Publisher : Universitas Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25041/fiatjustisia.v20no2.5050

Abstract

Digital transformation has turned telecommunications into essential infrastructure for social and economic life. This shift creates legal challenges, including consumer inequality, opaque electronic contracts, data protection risks, and ineffective dispute resolution. This study compares telecommunications consumer protection frameworks in Indonesia and Spain, focusing on regulatory effectiveness, supervisory institutions, and consumer rights in the digital era. Using doctrinal and comparative analysis, it examines national legislation, legal instruments of the European Union, and reports from telecommunications regulators. The findings show that Spain has developed a more integrated and adaptive system through regulatory harmonization, particularly in contract transparency, data protection, and enforcement of provider obligations. Indonesia still faces institutional fragmentation, weaker enforcement, and slower regulatory adaptation to technological change. Strengthening protection in Indonesia requires reforms focused on digital rights, independent oversight, and efficient dispute resolution. These findings contribute to digital consumer protection scholarship and offer policy guidance for technology-driven economies..