Sharia Fintech as a Financing Solution for UMKM : An Islamic Legal Review of Madura Stall Practices in the Digital Economy Era
Keywords:
Sharia Fintech, Warung Madura, Fiqh Muamalah, Sharia lending, QRISAbstract
Purpose: This study examines the Islamic legal status of fintech instruments used by Warung Madura QRIS, Sharia Peer-to-Peer (P2P) lending, and Buy Now Pay Later (BNPL) and identifies the most appropriate Sharia-compliant financing alternative for Muslim-owned micro-enterprises in Indonesia's digital economy. Method: This study employs a normative qualitative legal research method using the Fiqh Muamalah approach, supported by the analysis of DSN-MUI fatwas, Financial Services Authority (OJK) regulations, and relevant scholarly literature on Islamic fintech and UMKM. Findings: The findings reveal that QRIS operated through DSN-MUI-certified platforms is mubah (permissible) because it is based on a valid wakalah bil ujrah contract. Sharia P2P lending utilizing murabahah, mudharabah, or musyarakah contracts provides a comprehensive halal alternative to conventional interest-based financing. In contrast, conventional BNPL is haram due to the presence of riba nasi'ah, whereas BNPL based on murabahah bil taqsith without ribawi penalties is mubah. Implications: The study provides normative guidance for Muslim entrepreneurs, regulators, and Islamic fintech providers in promoting Sharia-compliant digital financial services. Originality: This study is among the first to specifically evaluate QRIS, Sharia lending, and BNPL from the perspective of Fiqh Muamalah and DSN-MUI fatwas within the operational context of Warung Madura.
References
Arini, A. D. (2024). Legal Literature Review Of Peer To Peer Lending In Indonesia: Building Sharia Fintech Ecosystem: Literatur Hukum Peer To Peer Lending Di Indonesia: Membangun Ekosistem Fintech Syariah. Az-Zarqa’: Jurnal Hukum Bisnis Islam, 16(1), 36–57. Https://Doi.Org/10.14421/Trzf5c05
Benuf, K., & Azhar, M. (2020). Metodologi Penelitian Hukum Sebagai Instrumen Mengurai Permasalahan Hukum Kontemporer. Gema Keadilan, 7(1), 20–33. Https://Doi.Org/10.14710/Gk.2020.7504
Fadhila, A. B. A.-M. F., & Dr. Imron Rosyadi, M. A. (2026). Perspektif Manhaj Tarjih Terhadap Buy Now Pay Later (BNPL) [S1, Universitas Muhammadiyah Surakarta]. Https://Eprints.Ums.Ac.Id/142533/
Faraby, M. E. (2016). Etos Kerja Islam Masyarakat Etnis Madura. SALAM: Jurnal Sosial Dan Budaya Syar-I, 3(1), 21–38. Https://Doi.Org/10.15408/Sjsbs.V3i1.3095
Firdaus, B., Fauzan, F., Yenti, E., Yufriadi, F., Rahmiati, R., & A Afifi, A. (2024). Buy Now Pay Later Transactions (BNPL) In Indonesia: Implications For Maqāṣid Sharia In The Digital Era. Islam Realitas: Journal Of Islamic And Social Studies, 10(2), 130–146. Https://Doi.Org/10.30983/Islam_Realitas.V10i2.8690
Harahap, A. Y., Putri, D., Fajriah, A. N., Ardiyanti, D. A., & Saputra, R. (2025). Buy Now Pay Later From An Islamic Perspective: Implications For Financial Management And Sustainability Among Millennials. Islamic Review: Jurnal Riset Dan Kajian Keislaman, 14(2), 261–278. Https://Doi.Org/10.35878/Islamicreview.V14i2.1831
Latifah, F. N., Ardiani, N., Ariyanti, N., & Syafitri, M. N. (2023). Fintech Peer To Peer Lending Sharia As An Alternative Capital For MSME In Sidoarjo. Indonesian Journal Of Law And Economics Review, 18(3). Https://Doi.Org/10.21070/Ijler.V18i3.943
Maulana, Sapa, N. B., Masse, R. A., & Galib, M. (2024). Potensi Dan Tantangan Implementasi Akad Wakalah Bil Ujrah Pada Transaksi Bisnis Syariah Modern. Al-Buhuts, 20(1). Https://Doi.Org/10.30603/Ab.V20i1.4781
Maulida, S., Hasan, A., & Umar, M. (2020). Implementasi Akad Pembiayaan Qard Dan Wakalah Bil Ujrah Pada Platform Fintech Lending Syariah Ditinjau Berdasarkan Peraturan Otoritas Jasa Keuangan (OJK) Dan Fatwa DSN-MUI. Al-Tijary, 175–189. Https://Doi.Org/10.21093/At.V5i2.2303
Mubarroq, A. C., & Latifah, L. (2023). Analisis Konsep Muamalah Berdasarkan Kaidah Fiqh Muamalah Kontemporer. Tadayun: Jurnal Hukum Ekonomi Syariah, 4(1), 95–108. Https://Doi.Org/10.24239/Tadayun.V4i1.101
Nihayah, H., & Ma’rur, M. (2025). Sharia Economic Law On Buying And Selling Transactions Via QRIS: A Review. At-Tahdzib: Jurnal Studi Islam Dan Muamalah, 13(2), 111–118. Https://Doi.Org/10.61181/Whkb2b46
Rumkel, N., & Karianga, H. (2026). Penguatan Etika Bisnis Dalam Hukum Ekonomi Syariah: Telaah Atas Praktik Usaha Di Kota Ternate. Journal Of Fiqh In Contemporary Financial Transactions, 4(1). Https://Doi.Org/10.61111/Jfcft.V4i1.1282
Sugiono. (2011). Metode Penelitian Pendidikan (Pendekatan Kuantitatif, Kualitatif Dan R&D). Alfabeta.
Syafitri, M. N., & Latifah, F. N. (2023). Fintech Peer To Peer Lending Berbasis Syariah Sebagai Alternatif Permodalan UMKM Sidoarjo. Jurnal Ilmiah Ekonomi Islam, 9(1). Http://Dx.Doi.Org/10.29040/Jiei.V9i1.8482
Yolanda Salsabila & Juliana Putri. (2025). Fintech P2P Lending Dalam Pandangan Islam. Equivalent : Journal Of Economic, Accounting And Management, 3(2), 729–743. Https://Doi.Org/10.61994/Equivalent.V3i2.1104
Fatwa DSN-MUI. (T.T.). Diambil 10 Mei 2026, Dari Https://Dsnmui.Or.Id/Kategori/Fatwa/
000 Warung Madura Bakal Pakai QRIS Motionpay, Ini Keuntungannya: Okezone Economy. (T.T.). Diambil 10 Mei 2026, Dari Https://Economy.Okezone.Com/Read/2024/11/15/622/3086078/100-000-Warung-Madura-Bakal-Pakai-Qris-Motionpay-Ini-Keuntungannya
Model And Regulatory Framework For Sharia Fintech Peer To Peer (P2p) Lending In Indonesia. (T.T.). Diambil 10 Mei 2026, Dari Https://Cyberleninka.Ru/Article/N/Model-And-Regulatory-Framework-For-Sharia-Fintech-Peer-To-Peer-P2p-Lending-In-Indonesia/Viewer
Analisis Fatwa DSN MUI NO.116/DSN-MUI/IX/2017 Tentang Uang Elektronik Syariah Terhadap Praktik Penggunaan Uang Elektronik Dana. (T.T.). Diambil 10 Mei 2026, Dari Https://Digilib.Iainptk.Ac.Id/Xmlui/Handle/123456789/5577
Warung Madura. (T.T.). Diambil 10 Mei 2026, Dari Https://Mediaindonesia.Com/Podiums/Detail_Podiums/3044-Warung-Madura
Carballo, I. E. (2025, Mei 20). Indonesia 2025: Ecommerce & Payments Trends Analysis. Https://Paymentscmi.Com/Insights/Indonesia-Ecommerce-Payments-Trends-2025/
Apa Saja Syarat Pengajuan Pinjaman Pembiayaan Fintech Untuk UMKM? (T.T.). Diambil 10 Mei 2026, Dari Https://Afpi.Or.Id/Articles/Detail/Apa-Saja-Syarat-Pengajuan-Pinjaman-Pembiayaan-Fintech-Untuk-Umkm
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Rohman, Ahmad Baikuni
This work is licensed under a Creative Commons Attribution 4.0 International License.
