Analisis Kepatuhan Investasi Aset Kripto terhadap Prinsip-Prinsip Hukum Ekonomi Syariah di Indonesia
DOI:
https://doi.org/10.59011/vjlaws.5.3.2026.588-604Keywords:
Sharia Economics, Crypto Assets, InvestmentAbstract
Crypto asset investment has become a prominent form of modern muamalah (social dealings) that is increasingly favored by the Indonesian public, particularly among the youth demographic aged 20–35. Within the world’s largest Muslim population, integrating investment activities with Sharia values has become an important issue for religious and financial institutions. This study aims to analyze the level of Sharia compliance in crypto asset investment and identify internal and external factors influencing it, particularly regarding transparency (shafāfiyyah), understanding of contracts (akad), and potential gharar (uncertainty) in digital transactions. This research employs a qualitative method with a juridical normative approach through literature study, examining scientific journals, books, DSN-MUI fatwas, and Bappebti regulations related to crypto asset trading in Indonesia. The findings show that Sharia compliance depends on the transparency of information, clarity of underlying assets, validity of akad, and investors’ understanding of transaction mechanisms. Although blockchain technology provides transparency and accountability, limited financial and Sharia literacy may still create gharar fi al-ma’lūm due to inadequate understanding of asset characteristics and contractual structures. External factors, including government regulations, institutional supervision, and religious guidance, also significantly influence the alignment of crypto investment practices with Sharia principles. This study concludes that crypto assets cannot be universally categorized as halal or haram but require case-by-case evaluation based on asset structure, transaction mechanisms, objectives, and socio-economic impacts. Strengthening regulation, literacy, and Sharia compliance mechanisms is essential to achieve maqāṣid al-syarī‘ah values, particularly justice (‘adl), protection of wealth (ḥifẓ al-māl), transparency, and maslahah.
References
Alvionita, Novi, Alisya Cahya Kamila, Lusianti, Santi Alfitri, dan Ratna Febriyanti. “Peran Transparansi Laporan Keuangan kepada Pihak Eksternal dalam Meminimalisir Asimetri Informasi.” Jurnal Ekonomi Bisnis dan Kewirausahaan 2, no. 2 (2025): 1–7. https://doi.org/10.69714/qzcehn49.
Amirullah, dan Nur Fitri Hariani. “Tinjauan Hukum Syariah terhadap Transaksi Cryptocurrency: Perspektif Maqashid Al-Syari‘ah: Transaksi Cryptocurrency: Perspektif Maqashid Al-Syari‘ah.” Iqtishaduna: Jurnal Ilmiah Mahasiswa Hukum Ekonomi Syari’ah 7, no. 1 (2025): 925–934. https://doi.org/10.24252/iqtishaduna.v7i1.61956.
Antonio, Muhammad Syafi’i. Bank Syariah: Dari Teori ke Praktik. Cet. 27. Jakarta: Gema Insani, 2017.
Asnawi, Yabib Fikri Rambe, Zulfahri Salim, dan Ahmad Wahyudi Zein. “Maqashid Syariah Sebagai Tujuan Ekonomi Islam.” Journal of Business Economics and Management 1, no. 2 (2024): 139–144.
Badan Pengawas Perdagangan Berjangka Komoditi. Laporan Kinerja Badan Pengawas Perdagangan Berjangka Komoditi Tahun 2022. Jakarta: Kementerian Perdagangan Republik Indonesia, 2023.
Bhatt, Aditya Jayeshkumar, dan Kesha Sisodia. “Use of Blockchain in Islamic Finance.” Dalam Leveraging Blockchain Technology: Governance, Risk, Compliance, Security, and Benevolent Use Cases, edited by Shaun Aghili, 184–195. Boca Raton, FL: CRC Press, 2024. https://doi.org/10.1201/9781003462033-14.
Chapra, M. Umer. The Islamic Vision of Development in the Light of Maqasid Al-Shariah. Jeddah: Islamic Research and Training Institute, Islamic Development Bank, 2008.
El-Gamal, Mahmoud A. Islamic Finance: Law, Economics, and Practice. Cambridge: Cambridge University Press, 2006. https://doi.org/10.1017/CBO9780511753756.
Fitri, Nadia Salzabila, dan Ilham. “Aspek Perlindungan Hukum Nasabah.” Jurnal Bisnis, Ekonomi Syariah, dan Pajak 2, no. 2 (2025): 13–35. https://doi.org/10.61132/jbep.v2i2.973.
Hakim, Abdul Aziz, dan M. Aldrian Oktofa. “Analisis Dampak Penggunaan Kriptocurrency terhadap Pertumbuhan Perokonomian di Indonesia.” Jurnal Dinamika Ekonomi Syariah 10, no. 1 (2023): 1–12. https://doi.org/10.53429/jdes.v10i1.398.
Huda, Misbahul, dan Poernomo A. Soelistyo. “Analisis Hukum Islam dan Hukum Positif di Indonesia terhadap Investasi Cryptocurrency.” Journal of Islamic Economics, Banking, and Social Finance 1, no. 1 (2025): 42–54. https://doi.org/10.61111/jiebsf.v1i1.794.
Irawan, Andhi, Jalaluddin, Fathurrahman Azhari, dan Fahmi Hamdi. “Pembagian Hukum Islam yang Tetap dan yang Berubah (Tsawâbit wa Mutaghayyirât).” Interdisciplinary Explorations in Research Journal (IERJ) 2, no. 2 (2024): 766–782. https://doi.org/10.62976/ierj.v2i2.558.
Kamila, Zahra, dan Rahmad Efendi. “Perlindungan Hukum atas Kehilangan Saldo Pengguna E-Wallet DANA Ditinjau dari Fatwa DSN MUI No. 16/DSN-MUI/IX/2017 tentang Uang Elektronik Syariah (Studi Kasus Pengguna E-Wallet DANA di Kecamatan Medan Tembung, Kota Medan).” UNES Law Review 6, no. 2 (2024): 7185–7193. https://doi.org/10.31933/unesrev.v6i2.1605.
Khan, Muhammad A. Islamic Economics and Human Well-being: Justice, Moderation and Sharing. Cheltenham, UK: Edward Elgar Publishing, 2024.
Mohamed, Hazik, dan Hassnian Ali. Blockchain, Fintech, and Islamic Finance: Building the Future in the New Islamic Digital Economy. Berlin and Boston: De Gruyter, 2019. https://doi.org/10.1515/9781547400966.
Muneeza, Aishath, dan Zakariya Mustapha. “Blockchain and Its Shariah Compliant Structure.” Dalam Halal Cryptocurrency Management, edited by Mohd Ma’sum Billah, 69–106. Cham: Springer International Publishing, 2019. https://doi.org/10.1007/978-3-030-10749-9_6.
Nur, Fatiha, dan Miftahus Surur. “Maximizing Financial Potential: The Shariah Economics Approach to Time Value in Financial Management.” JSE: Jurnal Sharia Economica 4, no. 2 (2025): 1–15. https://doi.org/10.46773/jse.v4i2.1831.
Permata, Cahaya. “Tanggungjawab Dewan Pengawas Syariah Terkait Pelanggaran Hukum pada Asuransi Syariah (Analisis Yuridis terhadap Undang-Undang Nomor 40 Tahun 2014 tentang Perasuransian).” TAQNIN: Jurnal Syariah dan Hukum 1, no. 1 (2019): 23–44. https://doi.org/10.30821/taqnin.v1i1.4878.
Prayitno, Farrel Izham. “Evaluating Maqāṣid al-Sharīʿah Compliance in DSN–MUI Fatwas Governing Islamic Fintech and Crypto Instruments.” Indonesian Interdisciplinary Journal of Sharia Economics 9, no. 1 (2026): 8755–8768. https://doi.org/10.31538/iijse.v9i1.9495.
Prihatmoko, Ganang. “Islamic Cryptocurrency: A Shariah Principles’ Perspective Study on Current Financial Development.” SUKUK: International Journal of Banking, Finance, Management and Business 3, no. 3 (2024): 1–13. https://doi.org/10.61796/sukuk.v3i3.50.
Rabbani, Mustafa Raza, M. Kabir Hassan, Fahmi Ali Hudaefi, dan Zakir Hossen Shaikh. “Islamic Finance and Cryptocurrency: A Systematic Review.” Dalam FinTech in Islamic Financial Institutions: Scope, Challenges, and Implications in Islamic Finance, edited by M. Kabir Hassan, Mustafa Raza Rabbani, and Mamunur Rashid, 279–306. Cham: Springer Nature Switzerland, 2022. https://doi.org/10.1007/978-3-031-14941-2_14.
Rabbani, Mustafa Raza, Shahnawaz Khan, dan Eleftherios I. Thalassinos. “FinTech, Blockchain and Islamic Finance: An Extensive Literature Review.” International Journal of Economics and Business Administration 8, no. 2 (2020): 65–86. https://doi.org/10.35808/ijeba/444.
Rini, Ika Anda, Elida Elfi Barus, dan Zulpahmi Lubis. “Analisis Perkembangan Trading Saham Syariah Periode 2017–2020.” AL-MULTAZIM: Jurnal Manajemen Bisnis Syariah 2, no. 1 (2022): 173–185. https://doi.org/10.30596/almultazim.v2i1.9945.
Rizieq, Muhammad, dan Baidhowi. “Keabsahan Kripto dalam Perspektif Hukum Ekonomi Syariah: Studi Kasus Fatwa DSN-MUI terhadap Aset Kripto.” Jurnal Multidisiplin Ilmu Akademik 2, no. 4 (2025): 61–72. https://doi.org/10.61722/jmia.v2i4.5050.
Suhaizan, Nurhidayah Binti, dan Tetty Marlina Tarigan. “Hukum Memperdagangkan Barang Tiruan di Aplikasi Online Perspektif Imam Syafi’i (Studi Kasus di Market Place Shopee Malaysia).” ARBITER: Jurnal Ilmiah Magister Hukum 5, no. 1 (2023): 75–84. https://doi.org/10.31289/arbiter.v5i1.1739.
Suyanto. Metode Penelitian Hukum: Pengantar Penelitian Normatif, Empiris dan Gabungan. Gresik: UNIGRES Press, 2023.
Syafriani, Nurul, Ratih Silviany, Lira Amelia, dan Ahmad Wahyudi Zein. “Wawasan Filosofis tentang Distribusi Kekayaan dalam Perspektif Filsafat Ekonomi Islam.” Jurnal Ilmiah Ekonomi dan Manajemen 3, no. 1 (2025): 207–216. https://doi.org/10.61722/jiem.v3i1.3479.
Syahfitri, Annisa Aulia, Liyyu Lathifa, Ikhlasul Amal Wishri, dan Taufik Hidayat. “Analisis Pengharaman Cryptocurrency dan Aset Digital dalam Perspektif Fikih Islam (Analisis Fatwa DSN-MUI No. 116/DSN-MUI/IX/2017).” SALSABIL: Journal of Sharia and Economic Law 1, no. 1 (2025): 32–46. https://doi.org/10.51590/salsabil.v1i1.18.
Takhim, Muhamad. “Sistem Ekonomi Islam dan Kesejahteraan Masyarakat.” Al-Mabsut: Jurnal Studi Islam dan Sosial 10, no. 2 (2016): 1–15. https://doi.org/10.56997/almabsut.v10i2.142.
Tlemsani, Issam, dan Robin Matthews. “Digitalization and the Prospects of Cryptocurrency in Islamic Finance.” International Journal of Technology Management & Sustainable Development 22, no. 2 (2023): 131–152. https://doi.org/10.1386/tmsd_00072_1.
Ulfah, Nurul, Amanda Dwi Aningti, Suryani, Siti Marfu’ah, Ratu Humaemah, Muhammad Fadli Azim, dan Rezky Mehta Setiadi. “Bitcoin dalam Persepektif Fiqih Muamalah Kontemporer: Bitcoin in the Perspective of Contemporary Fiqh Muamalah.” Al Dzahab 6, no. 1 (2025): 11–24. https://doi.org/10.32939/dhb.v6i1.4361.
Usmani, Muhammad Taqi. An Introduction to Islamic Finance. Karachi: Maktaba Ma'ariful Qur'an, 2002.
Visser, Hans. Islamic Finance: Principles and Practice. 4th ed. Cheltenham, UK, and Northampton, MA: Edward Elgar Publishing, 2024.
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Abrada Ali Ismail Tarigan, Zulpahmi Lubis
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
