A Review of Sharia Economic Law on Sharia Financial Inclusion Regulations in Indonesia

Abstract

This study aims to examine the regulation of Islamic financial inclusion in Indonesia from the perspective of Islamic Economic Law, with a focus on the alignment between positive regulations and Islamic principles such as justice ('adl), maslahah, and maqasid sharia (including hifz al-mal). Amidst the growth of the national Islamic economy, the Islamic financial inclusion index remains low, at around 13.41% in 2025 according to the OJK's National Survey of Financial Literacy and Inclusion (NSFLI), even though Islamic literacy has reached 43.42%. The research employed a normative juridical approach with qualitative analysis of primary sources (the Quran, Hadith, DSN-MUI fatwas) and secondary sources (Law No. 21 of 2008 concerning Sharia Banking, the latest OJK/BI regulations, and the 2024-2025 SNLIK report). Data were processed through literature review and analysis of regulations related to inclusion, such as the Sharia Financial Roadmap and the TPAKD program. The research results show that regulations for Islamic financial inclusion in Indonesia are quite conducive and aligned with Sharia principles. However, challenges remain, such as limited access in rural areas, limited Sharia digital infrastructure, and a gap between literacy and actual inclusion. Regulations need to be strengthened to further emphasize inclusive contracts (mudharabah and murabahah) for MSMEs.