<![CDATA[The development of Islamic fintech lending has become one of the most significant innovations in the transformation of the digital financial industry, offering an alternative financing model based on Islamic principles. This financial service plays a strategic role in expanding access to capital for micro, small, and medium enterprises (MSMEs), promoting financial inclusion, and providing more flexible financing mechanisms. However, this development has also raised concerns regarding the fairness of risk distribution among investors, fintech providers, and financing recipients, particularly in relation to information transparency, default risk, contract (akad) comprehension, and asset protection. This study aims to analyze the characteristics of Islamic fintech lending products, the mechanisms for protecting investors and MSMEs, and the relevance of Maqashid Shariah in establishing equitable risk management. The research employs a qualitative narrative review approach through the analysis of academic literature, regulations, fatwas, and previous studies published between 2020 and 2026. The findings indicate that Islamic fintech lending has substantial potential to support financial inclusion; however, it continues to face challenges related to governance, digital financial literacy, risk transparency, and stakeholder protection. The implementation of Maqashid Shariah principles, particularly hifzh al-mal (the protection of wealth), serves as a fundamental framework for achieving a balance between digital innovation, risk mitigation, and sustainable economic welfare. The analytical synthesis identifies financial literacy as a protective mechanism because it strengthens informed decision-making, improves understanding of contracts and risk disclosure, and reduces information-related vulnerability. These findings provide a conceptual basis for regulatory strengthening, platform governance, and future empirical testing.]]>
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