Analyzing Sharia P2P Lending Administrative Fees: POJK 10/2022 and Fatwa 117/DSN-MUI/II/2018 Perspectives
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The transformation of digital funding ecosystems creates epistemological tension due to the absence of administrative fee caps. Positive law in POJK 10/2022 only mandates formal information transparency, clashing diametrically with Fatwa DSN-MUI 117/2018 which demands material justice. Addressing the analytical void of previous literature, this doctrinal research aimed to dissect this regulatory flaw. This qualitative study was conducted using the tahqiq al-manath method. The findings prove that procedural transparency instruments without maximum tariff parameters actually facilitate exploitative practices and fail to prevent tadlis violations, as evidenced empirically in the massive dispute case of PT Dana Syariah Indonesia. Administrative disclosure without substantive balance is a legal illusion that blatantly violates the hifzh al-mal protection principle. As a strategic implication, this study proposes an integrative governance reconstruction based on maqashid al-syari'ah. The author recommends adopting global Islamic financial civilization standards to recalibrate fee operationalization toward fair ujrah al-mitsl, preventing unjust wealth consumption.
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