The UIN Fatwa Study Center Says Sharia Economy Could Be the Solution to the Rise of Pinjol-Judol

Indonesia is expected to become a world-class center for the development of Sharia economy.

Republika/Havid Al Vizki
Asrorun Niam Sholeh.
Rep: Muhyiddin Red: Budi Raharjo

REPUBLIKA.CO.ID, JAKARTA -- Chairman of the Center for the Study of Fatwa and Islamic Law (Pusfahim) UIN Jakarta, Prof Asrorun Ni'am Sholeh assessed that the sharia economy could be the solution to the rise of Online Loans (Pinjol) and Online Gambling (Judol). In a talk show entitled “The Phenomenon of Pinjol & Judol and the Solution of Sharia Economy Among Millennials” in Jakarta, Thursday (19/12/2024).

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The talk show was attended by 100 participants consisting of graduate students and various parties focused on the latest issue of sharia economy.

In his speech, Prof. Niam advised participants of the scientific disciplines they have contributed markedly to problems of a factual nature, not just stopping at the campus.

“Although sharia economy can be one of the solutions,” said Prof. MUI Chair for Fatwa.

In the context of sharia financial instruments, according to him, there are instruments whose basis is social. According to him, this could also be one of the solutions to overcome the rise of Pinjol and Judol.

“So how can the presence of later zakat, the presence of waqf instruments, the presence of alms instruments, that can be one of the solution factors to mitigate people stuck to online loans, stuck to online gambling, both intentionally and unintentionally,” he said.

According to Prof. Asrorun, the government should open positive spaces that can be used as a solution to the social problems caused by online gambling. “One of them is some kind of digital-based sharia financial economy products,” he said.

In this event, Pusfahim UIN Jakarta also presented competent sources, such as Special Staff of Vice President of RI Tina Talisa, Dean of FSH UIN Jakarta Prof. Muhammad Maksum, Executive Director of KNEKS KH Sholahudin Al Aiyub, Director of LSP DSN-MUI Aminudin Yakub, Vice Dean of Faculty of Sharia and Law of UIN Jakarta Prof. Kamarusdiana, and MUI Fatwa Commission Prof. Abdurrahman Dahlan.

“Earlier, Mbak Tina said that there was sukuk, then there were other investment instruments such as capital markets, land, then gold savings and so on. It became one of the alternatives to building digital sharia financial literacy as a substitute for the digital activities that were destructive,” explained Prof. Asrorun.

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